Annaly Capital Management (NYSE:NLY) Given New $19.00 Price Target at JPMorgan Chase & Co.

Annaly Capital Management (NYSE:NLY) had its target price cut by JPMorgan Chase & Co. from $20.00 to $19.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the stock. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.11.

Annaly Capital Management Trading Up 1.0 %

Shares of NYSE:NLY opened at $19.51 on Tuesday. The firm’s 50 day moving average is $19.26 and its two-hundred day moving average is $19.69. The firm has a market capitalization of $10.93 billion, a P/E ratio of -278.67 and a beta of 1.51. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the previous year, the firm earned $0.66 EPS. Analysts predict that Annaly Capital Management will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after acquiring an additional 3,350,435 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after buying an additional 773,215 shares during the period. JPMorgan Chase & Co. lifted its stake in Annaly Capital Management by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after buying an additional 541,869 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Annaly Capital Management by 2,254.2% in the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after buying an additional 430,604 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.