Annaly Capital Management, Inc. (NYSE: NLY) shares closed flat on Thursday, despite the S&P 500 hovering near its record closing level, set on Jan. 3, 2022.
Keefe, Bruyette & Woods analyst Bose George, earlier during the month, maintained Annaly Capital Management with an Outperform rating and raised the price target from $17 to $21.50.
Annaly Capital Management, during October, reported a third-quarter GAAP loss of $1.21 per share, versus a year-ago loss of 70 cents per share.
The company’s shares jumped around 10% over the past month but fell about 7% year-to-date.
With the recent buzz around Annaly Capital Management, some investors may be eyeing potential gains from the company’s dividends. As of now, Annaly Capital Management has a dividend yield of 13.08%, which is a quarterly dividend amount of 65 cents a share ($2.60 a year).
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