ANNALY Cap Mgmt/SH (NLY) Given Average Recommendation of “Hold” by Brokerages

Share on StockTwits

ANNALY Cap Mgmt/SH (NYSE:NLY) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.00.

Several brokerages recently commented on NLY. JPMorgan Chase & Co. decreased their price target on ANNALY Cap Mgmt/SH from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 22nd. ValuEngine downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Finally, Deutsche Bank cut their price objective on ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd.

NLY stock traded up $0.03 during trading on Tuesday, hitting $10.62. The company had a trading volume of 9,319,898 shares, compared to its average volume of 7,955,976. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 7.46 and a beta of 0.07. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.94 and a fifty-two week high of $12.73.

ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $512.07 million for the quarter, compared to analyst estimates of $349.17 million. ANNALY Cap Mgmt/SH had a return on equity of 11.85% and a net margin of 99.62%. ANNALY Cap Mgmt/SH’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. research analysts anticipate that ANNALY Cap Mgmt/SH will post 1.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Friday, June 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.30%. ANNALY Cap Mgmt/SH’s dividend payout ratio (DPR) is presently 98.36%.

Several institutional investors have recently made changes to their positions in NLY. Candriam Luxembourg S.C.A. grew its stake in shares of ANNALY Cap Mgmt/SH by 4.9% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 181,313 shares of the real estate investment trust’s stock worth $2,156,000 after purchasing an additional 8,397 shares during the period. Toronto Dominion Bank boosted its position in shares of ANNALY Cap Mgmt/SH by 49.1% during the fourth quarter. Toronto Dominion Bank now owns 67,957 shares of the real estate investment trust’s stock worth $808,000 after buying an additional 22,386 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of ANNALY Cap Mgmt/SH by 4.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 168,060 shares of the real estate investment trust’s stock worth $2,002,000 after buying an additional 6,601 shares during the period. State of Wisconsin Investment Board boosted its position in shares of ANNALY Cap Mgmt/SH by 45.0% during the fourth quarter. State of Wisconsin Investment Board now owns 1,490,642 shares of the real estate investment trust’s stock worth $17,724,000 after buying an additional 462,682 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of ANNALY Cap Mgmt/SH by 16.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 398,916 shares of the real estate investment trust’s stock worth $4,743,000 after buying an additional 57,172 shares during the period. 57.23% 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.

Analyst Recommendations for ANNALY Cap Mgmt/SH (NYSE:NLY)

Receive News & Ratings for ANNALY Cap Mgmt/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY Cap Mgmt/SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply