Annaly Capital Management Stock Rating Lowered by Compass Point (NLY)

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Annaly Capital Management (NYSE:NLY) was downgraded by investment analysts at Compass Point from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on NLY. Analysts at FBR Capital Markets raised their price target on shares of Annaly Capital Management from $11.00 to $11.50 in a research note on Monday, March 10th. They now have a “market perform” rating on the stock. Analysts at Jefferies Group cut their price target on shares of Annaly Capital Management from $12.00 to $11.00 in a research note on Thursday, February 27th. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.04.

Shares of Annaly Capital Management (NYSE:NLY) traded up 0.60% on Monday, hitting $11.2475. 3,378,770 shares of the company’s stock traded hands. Annaly Capital Management has a 1-year low of $9.66 and a 1-year high of $16.15. The stock’s 50-day moving average is $11.06 and its 200-day moving average is $10.95. The company has a market cap of $10.657 billion and a P/E ratio of 2.99.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. On average, analysts predict that Annaly Capital Management will post $1.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.73%. The ex-dividend date is Friday, March 28th.

Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.

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