Annaly Capital Management (NYSE:NLY) Price Target Raised to $19.50

by · The Markets Daily

Annaly Capital Management (NYSE:NLY – Free Report) had its price target upped by JPMorgan Chase & Co. from $19.00 to $19.50 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on NLY. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. BTIG Research set a $21.00 price target on Annaly Capital Management and gave the company a “buy” rating in a report on Tuesday, October 6th. Piper Sandler decreased their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. JonesTrading lowered their price objective on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company set a $22.00 price objective on Annaly Capital Management and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Get Our Latest Research Report on Annaly Capital Management

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $18.35 on Thursday. Annaly Capital Management has a 1-year low of $17.70 and a 1-year high of $24.52. The company has a market capitalization of $13.83 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.44 and a beta of 1.21. The firm’s 50 day simple moving average is $20.81 and its two-hundred day simple moving average is $21.81.

Annaly Capital Management (NYSE:NLY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. On average, sell-side analysts anticipate that Annaly Capital Management will post 3.10 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 209.79%.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. State Street Corp increased its holdings in Annaly Capital Management by 4.5% in the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock valued at $679,468,000 after acquiring an additional 1,272,235 shares during the last quarter. KBC Group NV increased its holdings in Annaly Capital Management by 44.2% in the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after acquiring an additional 1,525,251 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Annaly Capital Management by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after acquiring an additional 248,335 shares during the last quarter. Finally, Amundi lifted its stake in Annaly Capital Management by 35.2% in the 1st quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock worth $71,090,000 after purchasing an additional 875,331 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management News Roundup

Here are the key news stories impacting Annaly Capital Management this week:

  • Positive Sentiment: Annaly reported earnings available for distribution of $0.80 per share, exceeding its $0.75 quarterly dividend. Higher coupon income, disciplined expenses and strong residential credit funding supported the payout, which management reaffirmed as stable. NLY Q3 Earnings Call Highlights Dividend Stability and Market Risks
  • Positive Sentiment: Third-quarter earnings beat expectations, while net interest income improved year over year. These results indicate that Annaly’s core mortgage-investment operations are still generating sufficient income despite a challenging financing environment. Annaly Q3 Earnings Beat Estimates, Net Interest Income Improves Y/Y
  • Positive Sentiment: JPMorgan raised its price target to $19.50 and maintained an overweight rating, while JonesTrading kept a buy rating despite reducing its target to $21. These ratings suggest analysts continue to see potential value in the shares.
  • Neutral Sentiment: Management emphasized attractive mortgage returns and disciplined capital deployment, but also highlighted market risks and pressure on book value. Annaly Capital Management Navigates Tough Quarter Confidently
  • Negative Sentiment: Book value per share declined to $17.86, and Annaly posted a GAAP loss of about $1.36 per share. Higher funding costs and the book-value erosion are weighing on investor confidence even though the dividend remains covered. Annaly Stock Price Slides as Q3 Results Hit Book Value
  • Negative Sentiment: RBC lowered its price target from $25 to $21, retaining an outperform rating, and a separate analyst downgrade contributed to recent weakness. The mixed recommendations reinforce concerns about valuation and future book-value performance. RBC Cuts Price Target on Annaly

Annaly Capital Management Company Profile

(Get Free Report)

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.

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