Analysts Set Annaly Capital Management Inc (NYSE:NLY) Target Price at $24.11

Annaly Capital Management Inc (NYSE:NLY) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.1111.

NLY has been the subject of several analyst reports. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. JonesTrading raised their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the sale, the chief operating officer owned 204,491 shares in the company, valued at $4,727,831.92. This trade represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer directly owned 173,081 shares in the company, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,252 shares of company stock valued at $1,639,995 in the last three months. 0.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC raised its stake in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC bought a new stake in Annaly Capital Management in the fourth quarter valued at about $29,000. Financial Gravity Companies Inc. bought a new stake in Annaly Capital Management in the second quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the fourth quarter valued at approximately $31,000. Finally, Delos Wealth Advisors LLC bought a new position in Annaly Capital Management during the 2nd quarter worth approximately $28,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Down 0.3%

Shares of NLY stock opened at $22.97 on Friday. The company has a market cap of $16.50 billion, a PE ratio of 8.26, a P/E/G ratio of 7.08 and a beta of 1.24. The company’s fifty day simple moving average is $23.21 and its 200-day simple moving average is $22.15. Annaly Capital Management has a 52 week low of $16.59 and a 52 week high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $567.67 million. Equities research analysts expect that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.2%. Annaly Capital Management’s payout ratio is 100.72%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.