Annaly Capital Management (NLY) Given New $10.00 Price Target at JPMorgan Chase

Annaly Capital Management (NYSE:NLY) had its price objective lowered by JPMorgan Chase from $10.50 to $10.00 in a report issued on Tuesday. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on NLY. Bank of America raised shares of Annaly Capital Management from an underperform rating to a neutral rating in a research report on Thursday, February 1st. Compass Point raised shares of Annaly Capital Management from a sell rating to a neutral rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods reissued a hold rating on shares of Annaly Capital Management in a research report on Friday, February 16th. Zacks Investment Research cut shares of Annaly Capital Management from a hold rating to a sell rating in a research report on Wednesday, April 18th. Finally, ValuEngine cut shares of Annaly Capital Management from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Seven analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Annaly Capital Management has an average rating of Hold and an average price target of $11.31.

Shares of NLY opened at $10.46 on Tuesday. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 7.35 and a beta of 0.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.02 and a quick ratio of 0.02. Annaly Capital Management has a twelve month low of $9.94 and a twelve month high of $12.73.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $512.07 million during the quarter, compared to analysts’ expectations of $349.17 million. Annaly Capital Management had a net margin of 99.62% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 EPS. equities research analysts forecast that Annaly Capital Management will post 1.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Thursday, March 29th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.47%. Annaly Capital Management’s dividend payout ratio is 98.36%.

Large investors have recently bought and sold shares of the company. Smith Moore & CO. purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth about $135,000. Toronto Dominion Bank lifted its position in shares of Annaly Capital Management by 49.1% in the 4th quarter. Toronto Dominion Bank now owns 67,957 shares of the real estate investment trust’s stock worth $808,000 after purchasing an additional 22,386 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Annaly Capital Management by 39.6% in the 4th quarter. Allianz Asset Management GmbH now owns 8,090,636 shares of the real estate investment trust’s stock worth $96,198,000 after purchasing an additional 2,294,902 shares during the period. BlackRock Inc. lifted its position in shares of Annaly Capital Management by 4.0% in the 4th quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock worth $1,166,474,000 after purchasing an additional 3,747,677 shares during the period. Finally, Strs Ohio lifted its position in shares of Annaly Capital Management by 4.0% in the 4th quarter. Strs Ohio now owns 299,983 shares of the real estate investment trust’s stock worth $3,566,000 after purchasing an additional 11,483 shares during the period. 57.17% of the stock is owned by hedge funds and other institutional investors.

About Annaly Capital Management

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 Capital Management (NYSE:NLY)

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