Annaly Capital Management (NYSE:NLY) Shares Gap Down to $19.68

Annaly Capital Management, Inc. (NYSE:NLY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $19.68, but opened at $19.19. Annaly Capital Management shares last traded at $19.17, with a volume of 798,621 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NLY. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. Compass Point started coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective on the stock. StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Price Performance

The firm’s fifty day moving average price is $19.62 and its two-hundred day moving average price is $19.40.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the prior year, the firm earned $0.81 earnings per share. On average, research analysts expect that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a yield of 13.64%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Institutional Trading of Annaly Capital Management

Several institutional investors have recently added to or reduced their stakes in NLY. Beaird Harris Wealth Management LLC lifted its holdings in Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 500 shares during the period. Sunbelt Securities Inc. lifted its holdings in Annaly Capital Management by 6.0% in the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 562 shares during the period. Family Asset Management LLC lifted its holdings in Annaly Capital Management by 2.7% in the fourth quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 596 shares during the period. Retirement Group LLC lifted its holdings in Annaly Capital Management by 27.7% in the first quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 687 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Annaly Capital Management by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 704 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

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.