Annaly Capital Management’s (NLY) Market Perform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market perform rating on shares of Annaly Capital Management (NYSE:NLY) in a research note released on Thursday morning,Benzinga reports.

Several other equities analysts also recently commented on the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.11.

Annaly Capital Management Stock Down 0.0 %

NYSE:NLY opened at $19.35 on Thursday. The company has a 50-day moving average of $19.25 and a 200-day moving average of $19.69. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the prior year, the business earned $0.66 EPS. Equities research analysts predict that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.44%. Annaly Capital Management’s payout ratio is -3,714.29%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Clear Creek Financial Management LLC lifted its stake in shares of Annaly Capital Management by 10.8% during the fourth quarter. Clear Creek Financial Management LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 2,553 shares during the period. Clarity Financial LLC lifted its position in Annaly Capital Management by 112.2% during the 4th quarter. Clarity Financial LLC now owns 707,130 shares of the real estate investment trust’s stock valued at $12,940,000 after purchasing an additional 373,959 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Annaly Capital Management in the 4th quarter valued at about $8,170,000. Ibex Wealth Advisors grew its position in shares of Annaly Capital Management by 952.1% during the 4th quarter. Ibex Wealth Advisors now owns 281,154 shares of the real estate investment trust’s stock worth $5,145,000 after buying an additional 254,432 shares during the period. Finally, Swedbank AB raised its stake in shares of Annaly Capital Management by 4.8% during the fourth quarter. Swedbank AB now owns 681,411 shares of the real estate investment trust’s stock worth $12,470,000 after buying an additional 31,352 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Company Profile

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.