ANNALY CAP MGMT/SH (NLY) Upgraded to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of ANNALY CAP MGMT/SH (NYSE:NLY) from a market perform rating to an outperform rating in a research note published on Sunday morning, The Fly reports.

A number of other brokerages also recently commented on NLY. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a hold rating to a sell rating in a research report on Monday, October 8th. Barclays raised shares of ANNALY CAP MGMT/SH from an equal weight rating to an overweight rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Friday, December 14th. Finally, TheStreet raised shares of ANNALY CAP MGMT/SH from a c+ rating to a b- rating in a research note on Thursday, November 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $10.88.

Shares of NYSE:NLY opened at $9.94 on Friday. ANNALY CAP MGMT/SH has a one year low of $9.57 and a one year high of $11.45. The firm has a market cap of $12.93 billion, a PE ratio of 8.15 and a beta of 0.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10.



ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. ANNALY CAP MGMT/SH had a return on equity of 12.21% and a net margin of 105.40%. The company had revenue of $315.62 million during the quarter, compared to the consensus estimate of $398.00 million. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities research analysts expect that ANNALY CAP MGMT/SH will post 1.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be paid a dividend of $0.30 per share. This is an increase from ANNALY CAP MGMT/SH’s previous quarterly dividend of $0.08. This represents a $1.20 annualized dividend and a yield of 12.07%. The ex-dividend date of this dividend is Friday, December 28th. ANNALY CAP MGMT/SH’s payout ratio is 98.36%.

A number of large investors have recently made changes to their positions in the business. Csenge Advisory Group acquired a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $29,000. National Pension Service increased its stake in shares of ANNALY CAP MGMT/SH by 0.4% in the third quarter. National Pension Service now owns 1,450,495 shares of the real estate investment trust’s stock worth $14,839,000 after acquiring an additional 5,120 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of ANNALY CAP MGMT/SH by 6.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 89,840 shares of the real estate investment trust’s stock worth $1,014,000 after acquiring an additional 5,319 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of ANNALY CAP MGMT/SH by 2.8% in the third quarter. Capital Investment Advisors LLC now owns 202,748 shares of the real estate investment trust’s stock worth $2,074,000 after acquiring an additional 5,508 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in shares of ANNALY CAP MGMT/SH by 29.6% in the third quarter. National Asset Management Inc. now owns 24,819 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 5,675 shares during the last quarter. 55.42% of the stock is currently owned by institutional investors.

About ANNALY CAP MGMT/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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