Brokerages Set ANNALY CAP MGMT/SH (NYSE:NLY) Price Target at $10.08

Shares of ANNALY CAP MGMT/SH (NYSE:NLY) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.08.

A number of brokerages have issued reports on NLY. Zacks Investment Research raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research note on Monday, August 5th. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. UBS Group lowered shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their target price for the company from $9.50 to $8.00 in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th.

Shares of NYSE:NLY traded up $0.13 during trading on Friday, reaching $8.96. 468,335 shares of the company traded hands, compared to its average volume of 16,593,416. The firm has a fifty day simple moving average of $8.83 and a 200 day simple moving average of $9.42. The firm has a market cap of $12.87 billion, a P/E ratio of 7.46 and a beta of 0.41. ANNALY CAP MGMT/SH has a 1-year low of $8.07 and a 1-year high of $10.51. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.26.



ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $177.38 million for the quarter, compared to analyst estimates of $402.00 million. ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.04%. During the same period last year, the business earned $0.30 EPS. As a group, research analysts anticipate that ANNALY CAP MGMT/SH will post 1.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.16%. The ex-dividend date of this dividend is Friday, September 27th. ANNALY CAP MGMT/SH’s payout ratio is presently 100.00%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of ANNALY CAP MGMT/SH by 11.5% in the 2nd quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock valued at $1,336,187,000 after purchasing an additional 15,040,653 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ANNALY CAP MGMT/SH by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 134,709,321 shares of the real estate investment trust’s stock valued at $1,229,897,000 after purchasing an additional 5,683,042 shares during the last quarter. State Treasurer State of Michigan lifted its stake in shares of ANNALY CAP MGMT/SH by 17.8% in the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after purchasing an additional 5,000,000 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of ANNALY CAP MGMT/SH by 134.6% in the 1st quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after purchasing an additional 14,521,988 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of ANNALY CAP MGMT/SH by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after purchasing an additional 2,661,206 shares during the last quarter. 54.50% of the stock is owned by institutional investors and hedge funds.

ANNALY CAP MGMT/SH Company Profile

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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Analyst Recommendations for ANNALY CAP MGMT/SH (NYSE:NLY)

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