Annaly Capital Management, Inc. (NYSE:NLY) Receives Average Recommendation of "Moderate Buy" from Analysts

As of December 30th, 2024, Annaly Capital Management, Inc. (NYSE:NLY) has received an average recommendation of "Moderate Buy" from nine different analysts. MarketBeat.com reports that one investment analyst has given the stock a hold rating, while eight analysts have advised buying the shares. The average one-year price target set by brokerages following the stock is $21.50.

Recent analyst evaluations have focused on Annaly Capital Management. On September 20th, Wells Fargo & Company upgraded their rating for the stock from "equal weight" to "overweight" and increased their price target from $19.00 to $23.00. Meanwhile, on December 9th, JPMorgan Chase & Co. adjusted their price target downward from $21.00 to $20.00, while maintaining an "overweight" rating for the company. Additionally, Argus changed their rating from "hold" to "buy" and set a price target of $21.00 on October 31st.

Institutional Investors Weigh In On Annaly Capital Management

Recent changes in ownership among institutional investors and hedge funds have been significant. For instance, Avior Wealth Management LLC increased its stake in Annaly Capital Management by an astonishing 209.9% during the third quarter, obtaining an additional 850 shares to reach a total of 1,255 shares valued at $25,000. Similarly, UMB Bank n.a. raised its holdings by 70.2%, now owning 1,568 shares worth $31,000 after acquiring 647 additional shares. Quarry LP acquired a new stake in the company worth $36,000, while Toth Financial Advisory Corp boosted its position by 31.8%, now owning 2,390 shares valued at $48,000. Lastly, McIlrath & Eck LLC purchased a new stake during the same quarter valued at approximately $63,000. Currently, institutional investors hold 51.56% of the company's stock.

Annaly Capital Management Price Performance

On Monday, Annaly Capital Management's stock opened at $18.94. The company has recorded a 50-day simple moving average of $19.51 and a 200-day simple moving average of $19.81. Over the past year, the stock has experienced a low of $17.67 and a high of $21.11. Annaly Capital Management boasts a market capitalization of $10.62 billion, a PE ratio of -270.57, and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) recently announced its quarterly earnings results on October 23rd, revealing an EPS of $0.66 for the quarter. This figure fell short of analysts' consensus estimates of $0.67 by $0.01. The company reported a revenue of $1.23 billion, significantly surpassing the anticipated $212.00 million. Notably, Annaly Capital Management achieved a return on equity of 14.75% and a net margin of 2.59%. Analysts estimate that the firm will report an EPS of 2.65 for the current year.

Annaly Capital Management Dividend Announcement

Annaly Capital Management has also disclosed its quarterly dividend, set to be paid on Friday, January 31st. Investors who are on record as of Tuesday, December 31st, will receive a dividend of $0.65 per share. The ex-dividend date for this payment is also December 31st, which reflects an annualized dividend of $2.60, yielding approximately 13.73%. Currently, the company has a dividend payout ratio of -3,714.29%.

About Annaly Capital Management

Annaly Capital Management, Inc. operates as a diversified capital manager in the mortgage finance sector. The firm focuses on investing in various assets, including agency mortgage-backed securities backed by residential mortgages, non-agency residential whole loans, and securitized products in both residential and commercial markets. Additionally, the company deals with 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.

Conclusion

With strong analyst support and significant institutional backing, Annaly Capital Management, Inc. continues to be viewed positively by market experts. Investors may find it an attractive option, particularly with its current dividend offerings and substantial market presence.

Annaly, Investment, Dividend