Annaly Capital Management Inc. (NYSE:NLY) announced a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.2641 per share on Monday, October 31st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date of this dividend is Wednesday, September 28th.

Annaly Capital Management (NYSE:NLY) opened at 10.83 on Friday. Annaly Capital Management has a one year low of $8.25 and a one year high of $11.29. The firm has a 50-day moving average price of $10.83 and a 200-day moving average price of $10.68. The stock’s market cap is $10.78 billion.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same period last year, the company earned $0.41 EPS. On average, equities analysts predict that Annaly Capital Management will post $1.18 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “hold” rating and set a $11.00 target price on shares of Annaly Capital Management in a research report on Friday, August 5th. Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “hold” rating and set a $11.50 target price on shares of Annaly Capital Management in a research report on Friday, September 9th. Compass Point lowered Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 target price on the stock. in a research report on Wednesday, June 15th. Finally, Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.06.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Veritable L.P. acquired a new position in shares of Annaly Capital Management during the second quarter worth $117,000. Bank of Nova Scotia acquired a new position in shares of Annaly Capital Management during the second quarter worth $131,000. Segall Bryant & Hamill LLC acquired a new position in shares of Annaly Capital Management during the second quarter worth $145,000. Pacer Advisors Inc. raised its position in shares of Annaly Capital Management by 9.0% in the second quarter. Pacer Advisors Inc. now owns 17,495 shares of the company’s stock worth $194,000 after buying an additional 1,448 shares in the last quarter. Finally, Frontier Wealth Management LLC raised its position in shares of Annaly Capital Management by 3.8% in the second quarter. Frontier Wealth Management LLC now owns 22,966 shares of the company’s stock worth $254,000 after buying an additional 838 shares in the last quarter. 54.19% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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