Zacks Investment Research downgraded shares of Annaly Capital Management (NYSE:NLY) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Shares of Annaly have outperformed the industry in the past year. Moreover, the Zacks Consensus Estimate for fourth-quarter 2017 earnings remained unchanged in a month’s time. Going forward, the company’s prudent selection of assets, diversified investment and financing options, as well as exposure to high-quality mortgage-backed securities (MBSs) are anticipated to support bottom-line growth. Also, a strong financial position has enabled the company to maintain a consistent dividend payout for 17 consecutive quarters. However, the company faces stiff competition from other financial institutions. Further, adverse macro-economic conditions and any rise in rate of interest may add to the company’s woes.”

Separately, ValuEngine cut Annaly Capital Management from a strong-buy rating to a buy rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $12.21.

Shares of Annaly Capital Management (NLY) traded down $0.01 during trading hours on Wednesday, reaching $11.46. The company’s stock had a trading volume of 8,251,500 shares, compared to its average volume of 8,010,000. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a fifty-two week low of $10.04 and a fifty-two week high of $12.73. The company has a market cap of $13,290.00, a PE ratio of 4.58, a PEG ratio of 2.18 and a beta of 0.22.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The business had revenue of $353.61 million for the quarter, compared to analysts’ expectations of $361.67 million. During the same period last year, the business earned $0.29 EPS. The business’s revenue was up 12.2% on a year-over-year basis. equities research analysts forecast that Annaly Capital Management will post 1.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend is Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is presently 48.00%.

In other Annaly Capital Management news, Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.34 per share, with a total value of $111,132.00. Following the transaction, the director now directly owns 102,450 shares in the company, valued at approximately $1,161,783. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kevin Keyes bought 300,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $11.12 per share, with a total value of $3,336,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 460,080 shares of company stock valued at $5,239,984. Insiders own 0.43% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Barings LLC purchased a new stake in shares of Annaly Capital Management during the 3rd quarter valued at $548,000. Raymond James Financial Services Advisors Inc. increased its holdings in Annaly Capital Management by 3.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 341,744 shares of the real estate investment trust’s stock worth $4,166,000 after acquiring an additional 11,205 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Annaly Capital Management by 33.9% in the 3rd quarter. Nationwide Fund Advisors now owns 1,276,878 shares of the real estate investment trust’s stock worth $15,565,000 after acquiring an additional 323,384 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Annaly Capital Management by 296.6% in the 2nd quarter. Suntrust Banks Inc. now owns 54,705 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 40,913 shares during the last quarter. Finally, PGGM Investments increased its holdings in Annaly Capital Management by 109.0% in the 3rd quarter. PGGM Investments now owns 3,007,293 shares of the real estate investment trust’s stock worth $36,659,000 after acquiring an additional 1,568,450 shares during the last quarter. 54.50% of the stock is owned by hedge funds and other institutional investors.

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Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

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