Annaly Capital Management, Inc. (NYSE: NLY) – Piper Sandler research analysts increased their FY2021 EPS estimates for shares of Annaly Capital Management in a research report released to clients and investors on Thursday October 28. Piper Sandler analyst K. Barker now expects the REIT to earn $ 1.13 per share for the year, up from its previous estimate of $ 1.07. Piper Sandler has a “Neutral” rating and a target price of $ 8.50 on the stock. Piper Sandler also released Annaly Capital Management‘s fourth quarter 2021 earnings estimates at $ 0.25 per share, second quarter 2022 earnings at $ 0.22 per share, third quarter 2022 earnings at 0, $ 22 per share, first quarter 2023 earnings at $ 0.24 per share, second quarter 2023 earnings at $ 0.24 per share, and third quarter 2023 earnings at $ 0.25 per share. Annaly Capital Management (NYSE: NLY) last released its quarterly results on Wednesday, October 27. The real estate investment trust reported EPS of $ 0.28 for the quarter, beating analysts’ consensus estimates of $ 0.27 by $ 0.01. Annaly Capital Management recorded a return on equity of 14.28% and a net margin of 149.66%. During the same period last year, the company made EPS of $ 0.32.
Several other equity analysts also recently commented on NLY. JMP Securities reduced its target price on Annaly Capital Management from $ 10.00 to $ 9.25 and established a “market outperformance” rating on the stock in a research report released on Friday, July 30. Barclays downgraded Annaly Capital Management from an “overweight” rating to a “peer-to-peer” rating and set a price target of $ 9.00 for the company. in a research note Friday. Finally, TheStreet downgraded Annaly Capital Management from a âb-â rating to a âcâ rating in a report released Thursday, July 29. An equity research analyst rated the stock with a sell rating, four assigned a conservation rating, and four assigned a buy rating to the company. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of âHoldâ and a consensus target price of $ 9.03.
NYSE NLY shares opened at $ 8.46 on Monday. The company’s 50-day mobile average price is $ 8.63 and its two-hundred-day mobile average price is $ 8.81. The company has a market cap of $ 12.22 billion, a PE ratio of 3.68, a price / earnings-growth ratio of 1.55, and a beta of 1.24. Annaly Capital Management has a twelve month minimum of $ 7.05 and a twelve month maximum of $ 9.64.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 29. Shareholders of record on Thursday, September 30, received a dividend of $ 0.22. This represents a dividend of $ 0.88 on an annualized basis and a dividend yield of 10.40%. The ex-dividend date was Wednesday, September 29. Annaly Capital Management’s dividend payout ratio is 80.00%.
A number of hedge funds have recently bought and sold shares of NLY. Marshall Wace LLP acquired a new position in Annaly Capital Management during the 1st quarter valued at approximately $ 30,000. Marshall Wace North America LP acquired a new stake in Annaly Capital Management during the 1st quarter for a value of approximately $ 40,000. Amundi Pioneer Asset Management Inc. increased its stake in Annaly Capital Management by 51.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,932,317 shares of the REIT valued at $ 19,304,000 after purchasing an additional 653,996 shares in the last quarter. Guggenheim Capital LLC increased its stake in Annaly Capital Management shares by 11.4% in the first quarter. Guggenheim Capital LLC now owns 244,020 shares of the REIT valued at $ 2,098,000 after acquiring an additional 25,024 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Annaly Capital Management in the first quarter valued at approximately $ 89,000. 42.40% of the shares are currently held by institutional investors and hedge funds.
Company Profile Annaly Capital Management
Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Credit. The Agency Group invests in securities backed by agency mortgages. The Residential Credit Group comprises agencyless residential mortgage assets within securitized products and entire loan markets.
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