Recent Investment Analysts’ Ratings Updates for Annaly Capital Management (NLY)

Annaly Capital Management (NYSE: NLY) recently received a number of ratings updates from brokerages and research firms:

  • 10/17/2017 – Annaly Capital Management was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Annaly have outperformed the industry year to date. However, the stock has seen the Zacks Consensus Estimate for 2017 earnings being revised downward in a month’s time. Although, the company is making efforts to diversify its investment and funding options, any adversity in the macro-economic condition is likely to result in a widespread de-leveraging of the financial markets, forcing Annaly to sell its mortgage assets at unattractive prices. Further, Annaly’s performance also depends on the broader financial market environment. This makes it susceptible to economic downturns and geopolitical doldrums. In addition, stiff competition from financial institutions and other market players adversely affects the pricing of its securities. Any rise in rate of interest may add to the company’s woes.”
  • 10/9/2017 – Annaly Capital Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Annaly have outperformed the industry year to date. However, the stock has seen the Zacks Consensus Estimate for 2017 earnings being revised downward in a month’s time.Notably, the company is making efforts to diversify its investment and funding options. Recently, the company announced a common stock offering of 65 million shares. Moreover, a strong financial position has enabled the company to pay a constant dividend for 15 consecutive quarters. Moving ahead, Annaly’s prudent selection of assets, diversified investment and financing options, as well as exposure to high-quality mortgage-backed securities (MBSs) are anticipated to support bottom-line growth. However, the company faces stiff competition from other financial institutions. Further, adverse macro-economic conditions and any rise in rate of interest may add to the company’s woes.”
  • 10/6/2017 – Annaly Capital Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Shares of Annaly have outperformed the industry year to date. Notably, the company is making efforts to diversify its investment and funding options. Recently, the company announced a common stock offering of 65 million shares. Moreover, a strong financial position has enabled the company to pay a constant dividend for 15 consecutive quarters. Moving ahead, its prudent selection of assets, diversified investment and financing options, as well as exposure to high-quality mortgage-backed securities (MBSs) are anticipated to support bottom-line growth. However, stiff competition, adverse macro-economic conditions and any rise in rate of interest may add to the company’s woes.”
  • 9/26/2017 – Annaly Capital Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Shares of Annaly have outperformed its industry year to date. Notably, the company is making efforts to diversify its investment and funding options. In late July, the company announced raising approximately $1.5 billion in gross proceeds through common and preferred stock offering. Moreover, a strong financial position has enabled the company to pay a constant dividend for 15 consecutive quarters. Moving ahead, its prudent selection of assets, diversified investment and financing options, as well as exposure to high-quality mortgage-backed securities (MBSs) are anticipated to support bottom-line growth. However, stiff competition, adverse macro-economic conditions and any rise in rate of interest may add to the company’s woes.”
  • 9/1/2017 – Annaly Capital Management was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Shares of Annaly Capital Management Inc (NYSE NLY) traded up 0.49% on Tuesday, hitting $12.32. The stock had a trading volume of 7,031,872 shares. The company has a market cap of $13.40 billion, a P/E ratio of 4.26 and a beta of 0.28. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The company has a 50-day moving average of $12.32 and a 200-day moving average of $12.02.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts anticipate that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.74%. Annaly Capital Management’s payout ratio is 41.52%.

In related news, Director Francine J. Bovich bought 13,500 shares of the stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the acquisition, the director now directly owns 13,500 shares in the company, valued at $165,915. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David L. Finkelstein bought 100,000 shares of the stock in a transaction on Friday, September 1st. The shares were bought at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the acquisition, the insider now owns 300,000 shares of the company’s stock, valued at $3,747,000. The disclosure for this purchase can be found here. Insiders purchased 139,200 shares of company stock valued at $1,726,513 in the last quarter. 0.43% of the stock is owned by company insiders.

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

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