Annaly Capital Management (NYSE: NLY) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Annaly Capital Management was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/3/2017 – Annaly Capital Management had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $11.25 price target on the stock.
  • 7/27/2017 – Annaly Capital Management was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Annaly underperformed the industry it belongs to in the past three months. The company’s second quarter estimates have remained unchanged ahead of its earnings results. Notably, the company has a mixed record of surprises in the recent quarters. Meanwhile, the company has recently announced the pricing of a public offering of 60 million shares of common stock for expected gross proceeds of $710 million. Its worth mentioning that it has to compete with other financial institutions, institutional investors, lenders, government bodies and mortgage REITs to acquire assets in target markets, which adversely affect the pricing of securities. Moreover, adverse macro-economic conditions and a rise in rate of interest may add to woes. However, the company’s prudent selection of assets, diversified investment and financing options, as well as exposure to high-quality MBS has the capability to support long-term growth.”
  • 7/24/2017 – Annaly Capital Management was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/12/2017 – Annaly Capital Management was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/5/2017 – Annaly Capital Management was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Annaly outperformed the Zacks categorized REIT Mortgage Trust industry, over the past three months. Notably, the company reported better-than-expected first-quarter 2017 adjusted core earnings per share. The quarter witnessed growth in book value. Moving ahead, the company’s prudent selection of assets, diversified investment, and financing options, as well as exposure to high-quality MBS is expected to support its bottom-line growth. However, the company has to compete with other financial institutions, institutional investors, lenders, government bodies and mortgage REITs to acquire assets in target markets, which adversely affect the pricing of securities. Also, adverse macro-economic conditions and a rise in rate of interest may add to the company’s woes.”
  • 6/30/2017 – Annaly Capital Management had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $11.25 price target on the stock.
  • 6/30/2017 – Annaly Capital Management was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Annaly Capital Management Inc (NLY) opened at 12.27 on Friday. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The company has a market cap of $13.35 billion, a P/E ratio of 4.24 and a beta of 0.28. The stock has a 50 day moving average of $12.13 and a 200-day moving average of $11.49.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The firm had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. Equities research analysts expect that Annaly Capital Management Inc will post $1.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 annualized dividend and a yield of 9.78%. Annaly Capital Management’s payout ratio is 41.52%.

In other Annaly Capital Management news, Director Donnell Segalas acquired 8,000 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the acquisition, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

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