Annaly Capital Management (NYSE:NLY) Earns “Buy” Rating from Jonestrading

Jonestrading reiterated their buy rating on shares of Annaly Capital Management (NYSE:NLY) in a research report report published on Thursday, Benzinga reports. Jonestrading currently has a $21.00 price objective on the real estate investment trust’s stock.

Several other research analysts also recently commented on NLY. JMP Securities reissued a market perform rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Compass Point initiated coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They set a buy rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods reissued an outperform rating and set a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Royal Bank of Canada reissued an outperform rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Monday, February 12th. Finally, StockNews.com raised shares of Annaly Capital Management from a sell rating to a hold rating in a research note on Saturday, January 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $21.07.

Annaly Capital Management Trading Up 1.0 %

Shares of NLY opened at $18.88 on Thursday. The firm’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $18.63. The company has a market capitalization of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period last year, the firm posted $0.81 earnings per share. Sell-side analysts forecast that Annaly Capital Management will post 2.54 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management’s payout ratio is -268.04%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the transaction, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Institutional Trading of Annaly Capital Management

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Annaly Capital Management by 14.4% in the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after acquiring an additional 269,758 shares in the last quarter. Dupree Financial Group LLC bought a new stake in Annaly Capital Management in the fourth quarter valued at $9,222,000. Royal London Asset Management Ltd. boosted its holdings in Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock valued at $4,828,000 after acquiring an additional 10,404 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Annaly Capital Management in the fourth quarter valued at $2,721,000. Finally, LPL Financial LLC boosted its holdings in Annaly Capital Management by 9.1% in the third quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock valued at $13,562,000 after acquiring an additional 59,883 shares in the last quarter. 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.