Annaly Capital Management’s (NLY) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Annaly Capital Management (NYSE:NLY) in a report released on Friday morning.

Other equities analysts have also recently issued research reports about the stock. Compass Point raised shares of Annaly Capital Management from a sell rating to a neutral rating in a research note on Tuesday, February 13th. Bank of America raised shares of Annaly Capital Management from an underperform rating to a neutral rating in a research note on Thursday, February 1st. ValuEngine cut shares of Annaly Capital Management from a strong-buy rating to a buy rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Annaly Capital Management from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Annaly Capital Management has an average rating of Buy and an average price target of $12.21.

Annaly Capital Management (NYSE NLY) opened at $10.68 on Friday. The stock has a market cap of $12,380.00, a P/E ratio of 8.03, a PEG ratio of 1.97 and a beta of 0.05. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 52 week low of $10.03 and a 52 week high of $12.73.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $426.71 million for the quarter, compared to analysts’ expectations of $370.80 million. Annaly Capital Management had a net margin of 72.18% and a return on equity of 12.00%. The business’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. research analysts expect that Annaly Capital Management will post 1.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.24%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 90.23%.

In other news, CFO Glenn Votek bought 25,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $11.73 per share, with a total value of $293,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Wellington Denahan bought 125,280 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was purchased at an average cost of $11.97 per share, for a total transaction of $1,499,601.60. Following the completion of the transaction, the chairman now owns 1,798,414 shares of the company’s stock, valued at $21,527,015.58. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Annaly Capital Management by 4.0% in the fourth quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock worth $1,166,474,000 after acquiring an additional 3,747,677 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Annaly Capital Management by 21.1% in the fourth quarter. APG Asset Management N.V. now owns 32,577,760 shares of the real estate investment trust’s stock worth $322,576,000 after acquiring an additional 5,671,700 shares in the last quarter. LSV Asset Management increased its position in shares of Annaly Capital Management by 10.0% in the fourth quarter. LSV Asset Management now owns 22,726,268 shares of the real estate investment trust’s stock worth $270,215,000 after acquiring an additional 2,059,300 shares in the last quarter. Wells Fargo & Company MN grew its position in Annaly Capital Management by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 14,783,364 shares of the real estate investment trust’s stock valued at $175,774,000 after purchasing an additional 368,152 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Annaly Capital Management by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 12,541,641 shares of the real estate investment trust’s stock valued at $149,058,000 after purchasing an additional 1,052,280 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

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About Annaly Capital Management

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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