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 obtained an overall recommendation of "Moderate Buy" from nine different analysts currently covering the stock. According to MarketBeat.com, one analyst has suggested a hold rating, while eight analysts have rated the stock as a buy. The average one-year price target for the shares, as updated by brokerages in the past year, is $21.50.

Recent reports from analysts regarding NLY have been substantial. For example, Wells Fargo & Company upgraded their rating on Annaly Capital Management from "equal weight" to "overweight," and they revised their price target upwards from $19.00 to $23.00 on September 20th. On December 9th, JPMorgan Chase & Co. lowered their price target for Annaly from $21.00 to $20.00 while maintaining an "overweight" rating. Argus also enhanced their outlook for Annaly, moving from a "hold" to a "buy" rating with a new price target of $21.00 as of October 31st.

Institutional Investors Weigh In on Annaly Capital Management

Several institutional investors and hedge funds have recently adjusted their shares in Annaly Capital Management. In the third quarter, Avior Wealth Management LLC increased its stake by 209.9%, now owning 1,255 shares valued at $25,000 after acquiring an additional 850 shares. UMB Bank n.a. raised its holdings by 70.2%, owning 1,568 shares worth $31,000 after purchasing 647 more shares. Quarry LP took a new position in Annaly worth $36,000 during the second quarter. Meanwhile, Toth Financial Advisory Corp increased its ownership by 31.8%, yielding 2,390 shares valued at $48,000 after acquiring an additional 576 shares. Additionally, McIlrath & Eck LLC bought new shares worth approximately $63,000 in the third quarter. Currently, institutional investors hold approximately 51.56% of Annaly's stock.

Annaly Capital Management Price Performance

At market opening on Monday, Annaly Capital Management’s stock price was $18.94. The company has 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 recorded a low of $17.67 and a high of $21.11, with a market capitalization of $10.62 billion, a PE ratio of -270.57, and a beta of 1.51.

Furthermore, Annaly Capital Management recently released its quarterly earnings report on October 23rd. The real estate investment trust reported earnings per share (EPS) of $0.66 for the quarter, falling short of analysts' expectations of $0.67 by $0.01. The firm’s revenue for the quarter was $1.23 billion, considerably exceeding the predictions of $212.00 million. Its return on equity stood at 14.75%, with a net margin of 2.59%. Analysts project that Annaly Capital Management will report an EPS of 2.65 for the current year.

Annaly Capital Management Dividend Announcement

Additionally, the company has announced a quarterly dividend payment scheduled for Friday, January 31st. Investors on record as of Tuesday, December 31st, will receive a dividend of $0.65 per share, with an ex-dividend date set for the same day. This dividend equates to an annualized figure of $2.60 and represents a yield of 13.73%. Notably, Annaly Capital Management’s dividend payout ratio is currently at -3,714.29%.

About Annaly Capital Management

Annaly Capital Management, Inc. operates as a diversified capital manager, primarily focusing on mortgage finance. The company has investments in agency mortgage-backed securities that are secured by residential mortgages, non-agency residential whole loans, and various securitized products from both residential and commercial markets. Their portfolio includes 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.

Annaly, Investment, Analysts