Annaly Capital Management Inc (NYSE:NLY) Stock Has Consensus Price Target of $21.67 According to Analysts

Shares of Annaly Capital Management Inc (NYSE:NLY) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $21.67.

NLY has been the topic of a number of analyst reports. JonesTrading lowered their target price on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, October 21st. JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Piper Sandler reduced their price objective on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Wells Fargo & Company set a $22.00 price objective on Annaly Capital Management and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Finally, BTIG Research set a $21.00 price objective on Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th.

Insider Activity

In other news, Director Scott Wede purchased 50,000 shares of the stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $18.80 per share, for a total transaction of $940,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at $940,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Annaly Capital Management

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Annaly Capital Management by 6.7% in the 2nd quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. State Street Corp increased its stake in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock valued at $679,468,000 after purchasing an additional 1,272,235 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Annaly Capital Management by 8.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,537,956 shares of the real estate investment trust’s stock valued at $234,460,000 after purchasing an additional 1,001,289 shares during the last quarter. KBC Group NV increased its stake in Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after purchasing an additional 1,525,251 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Annaly Capital Management by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock worth $104,961,000 after buying an additional 248,335 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $18.98 on Thursday. The firm’s 50-day moving average is $19.77 and its two-hundred day moving average is $21.80. The company has a market capitalization of $14.96 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. Annaly Capital Management has a 12-month low of $17.70 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $637.41 million. On average, analysts forecast that Annaly Capital Management will post 3.13 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 15.8%. The ex-dividend date was Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is 209.79%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights.

The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.

Founded in 1997, Annaly focuses primarily on the U.S.