Annaly Capital Management (NYSE:NLY) Price Target Lowered to $20.15 at Keefe, Bruyette & Woods

Annaly Capital Management (NYSE:NLY) had its price objective decreased by Keefe, Bruyette & Woods from $21.00 to $20.15 in a research report released on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.29.

Annaly Capital Management Trading Down 1.5 %

Annaly Capital Management stock opened at $17.86 on Tuesday. The stock has a fifty day moving average price of $20.92 and a 200 day moving average price of $19.97. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $22.11. The firm has a market capitalization of $10.33 billion, a P/E ratio of 11.23, a PEG ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts predict that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 15.68%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s payout ratio is currently 176.10%.

Institutional Trading of Annaly Capital Management

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. purchased a new position in Annaly Capital Management in the fourth quarter valued at about $31,000. Blue Trust Inc. boosted its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter worth $39,000. Finally, Smartleaf Asset Management LLC raised its holdings in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 549 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other 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.