Annaly Capital Management (NYSE:NLY) Earns Equal Weight Rating from Analysts at Barclays

Barclays started coverage on shares of Annaly Capital Management (NYSE:NLY) in a research note released on Monday morning, Marketbeat reports. The firm issued an equal weight rating and a $19.00 target price on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.22.

Annaly Capital Management Stock Down 0.8 %

Shares of NYSE NLY opened at $18.50 on Monday. The company has a market capitalization of $10.37 billion, a PE ratio of -264.29 and a beta of 1.51. The firm has a fifty day simple moving average of $19.36 and a 200 day simple moving average of $19.73. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same period last year, the business posted $0.66 earnings per share. As a group, equities analysts expect that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 14.05%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s payout ratio is presently -3,714.29%.

Hedge Funds Weigh In On Annaly Capital Management

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after purchasing an additional 3,350,435 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after buying an additional 1,342,056 shares in the last quarter. JPMorgan Chase & Co. raised its position in Annaly Capital Management by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after buying an additional 541,869 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after acquiring an additional 430,604 shares in the last quarter. Finally, Clarity Financial LLC purchased a new position in Annaly Capital Management during the 3rd quarter worth $6,687,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.