Annaly Capital Management Inc (NYSE:NLY) insider David L. Finkelstein purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the purchase, the insider now owns 300,000 shares in the company, valued at $3,747,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Annaly Capital Management Inc (NYSE NLY) opened at 12.35 on Friday. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 4.27 and a beta of 0.28. The firm’s 50-day moving average is $12.30 and its 200 day moving average is $11.82. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $315.15 million during the quarter, compared to the consensus estimate of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same period in the prior year, the company posted $0.29 EPS. Equities analysts expect that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.72%. Annaly Capital Management’s payout ratio is 41.52%.
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Several large investors have recently added to or reduced their stakes in NLY. North Star Investment Management Corp. lifted its position in shares of Annaly Capital Management by 12.5% during the 2nd quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,028 shares during the period. MCF Advisors LLC lifted its position in shares of Annaly Capital Management by 2,903.2% during the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 9,000 shares during the period. Cutter & CO Brokerage Inc. bought a new stake in shares of Annaly Capital Management during the 1st quarter valued at $113,000. Balentine LLC bought a new stake in shares of Annaly Capital Management during the 2nd quarter valued at $114,000. Finally, Fisher Asset Management LLC lifted its position in shares of Annaly Capital Management by 0.8% during the 1st quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 51.90% of the company’s stock.
NLY has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a report on Friday, June 30th. BidaskClub downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.41.
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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