Annaly Capital Management (NYSE:NLY) Given Outperform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Annaly Capital Management (NYSE:NLY) in a report published on Wednesday, Benzinga reports. They currently have a $21.50 price target on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on NLY. StockNews.com raised Annaly Capital Management from a sell rating to a hold rating in a report on Saturday, January 27th. Jonestrading boosted their target price on Annaly Capital Management from $18.00 to $21.00 and gave the stock a buy rating in a report on Thursday, February 8th. UBS Group reissued a neutral rating and issued a $19.00 target price on shares of Annaly Capital Management in a report on Wednesday, December 6th. Finally, Royal Bank of Canada reissued an outperform rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $21.07.

Annaly Capital Management Trading Down 1.5 %

Annaly Capital Management stock opened at $19.44 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $19.26 and its two-hundred day simple moving average is $18.71. Annaly Capital Management has a 12 month low of $14.52 and a 12 month high of $21.07. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of -5.38 and a beta of 1.54.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.38%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -72.02%.

Insider Activity at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Institutional Trading of Annaly Capital Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Annaly Capital Management by 2.9% in the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after buying an additional 3,668,441 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Annaly Capital Management by 2.2% in the second quarter. BlackRock Inc. now owns 56,148,379 shares of the real estate investment trust’s stock worth $1,123,529,000 after acquiring an additional 1,235,284 shares during the period. State Street Corp boosted its stake in shares of Annaly Capital Management by 14.0% in the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock worth $212,614,000 after acquiring an additional 4,263,394 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Annaly Capital Management by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 17,170,965 shares of the real estate investment trust’s stock worth $332,602,000 after acquiring an additional 300,457 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Annaly Capital Management by 166.1% in the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after acquiring an additional 9,279,874 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

About Annaly Capital Management

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.