Shares of ANNALY Cap Mgmt/SH (NYSE:NLY) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.25.

NLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a report on Monday, July 23rd. Zacks Investment Research cut ANNALY Cap Mgmt/SH from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Deutsche Bank cut their price target on ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Finally, ValuEngine cut ANNALY Cap Mgmt/SH from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

ANNALY Cap Mgmt/SH traded down $0.04, reaching $10.42, during midday trading on Thursday, Marketbeat reports. The company had a trading volume of 9,880,148 shares, compared to its average volume of 8,921,944. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.94 and a fifty-two week high of $12.58. The company has a market cap of $12.20 billion, a P/E ratio of 8.54 and a beta of 0.11.

ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $334.11 million during the quarter, compared to the consensus estimate of $330.95 million. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. During the same period in the previous year, the firm posted $0.30 earnings per share. analysts expect that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.52%. ANNALY Cap Mgmt/SH’s dividend payout ratio (DPR) is presently 98.36%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NLY. Amalgamated Bank raised its holdings in ANNALY Cap Mgmt/SH by 3.9% during the second quarter. Amalgamated Bank now owns 130,804 shares of the real estate investment trust’s stock worth $1,346,000 after purchasing an additional 4,888 shares in the last quarter. BerganKDV Wealth Management LLC raised its holdings in ANNALY Cap Mgmt/SH by 3.4% during the second quarter. BerganKDV Wealth Management LLC now owns 157,440 shares of the real estate investment trust’s stock worth $1,620,000 after purchasing an additional 5,220 shares in the last quarter. Squar Milner Financial Services LLC increased its holdings in shares of ANNALY Cap Mgmt/SH by 7.6% in the second quarter. Squar Milner Financial Services LLC now owns 76,413 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 5,427 shares in the last quarter. Twin Capital Management Inc. increased its holdings in shares of ANNALY Cap Mgmt/SH by 3.0% in the first quarter. Twin Capital Management Inc. now owns 195,850 shares of the real estate investment trust’s stock valued at $2,043,000 after buying an additional 5,790 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of ANNALY Cap Mgmt/SH by 165.5% in the first quarter. TCI Wealth Advisors Inc. now owns 9,626 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 6,000 shares in the last quarter. 56.78% of the stock is currently owned by institutional investors.

About ANNALY Cap Mgmt/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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