Jonestrading Boosts Annaly Capital Management (NYSE:NLY) Price Target to $21.00

Annaly Capital Management (NYSE:NLYFree Report) had its target price lifted by Jonestrading from $18.00 to $21.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

NLY has been the topic of a number of other reports. Royal Bank of Canada boosted their price objective on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company an outperform rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $17.00 to $21.50 and gave the company an outperform rating in a research report on Wednesday, December 13th. UBS Group reiterated a neutral rating and issued a $19.00 target price on shares of Annaly Capital Management in a research note on Wednesday, December 6th. Finally, StockNews.com upgraded shares of Annaly Capital Management from a sell rating to a hold rating in a research note on Saturday, January 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of Moderate Buy and a consensus price target of $21.07.

Read Our Latest Report on NLY

Annaly Capital Management Stock Performance

Shares of NLY opened at $18.92 on Thursday. The company’s 50 day moving average price is $19.34 and its 200 day moving average price is $18.84. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.97. The company has a market capitalization of $9.46 billion, a PE ratio of -5.24 and a beta of 1.55. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.11 and a current ratio of 0.12.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date was Thursday, December 28th. Annaly Capital Management’s payout ratio is -72.02%.

Institutional Trading of Annaly Capital Management

A number of institutional investors and hedge funds have recently modified their holdings of NLY. Selway Asset Management acquired a new stake in shares of Annaly Capital Management in the third quarter worth $26,000. Creative Financial Designs Inc. ADV increased its position in Annaly Capital Management by 886.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,637 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,471 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Annaly Capital Management by 52.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,652 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 569 shares during the period. GAMMA Investing LLC bought a new position in Annaly Capital Management during the fourth quarter worth $33,000. Finally, First United Bank & Trust bought a new position in Annaly Capital Management during the fourth quarter worth $33,000. 49.16% of the stock is currently owned by institutional investors and hedge funds.

About Annaly Capital Management

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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities.

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