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

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

NLY has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, October 31st. Finally, Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.11.

Annaly Capital Management Stock Down 0.0 %

Shares of NYSE:NLY opened at $19.35 on Thursday. The company has a 50 day moving average price of $19.25 and a two-hundred day moving average price 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 issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, equities research analysts anticipate that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.44%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. grew its stake in shares of Annaly Capital Management by 6.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 562 shares in the last quarter. Fermata Advisors LLC boosted its holdings in Annaly Capital Management by 3.2% in the 4th quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 563 shares during the period. Toth Financial Advisory Corp grew its position in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 584 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 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.