ValuEngine downgraded shares of Annaly Capital Management Inc (NYSE:NLY) from a strong-buy rating to a buy rating in a research note published on Thursday, October 26th.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Annaly Capital Management from a sell rating to a hold rating in a report on Wednesday, July 5th. BidaskClub upgraded shares of Annaly Capital Management from a buy rating to a strong-buy rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Annaly Capital Management presently has an average rating of Hold and an average target price of $11.81.
Shares of Annaly Capital Management (NLY) remained flat at $$11.24 during trading on Thursday. 8,643,267 shares of the company traded hands, compared to its average volume of 10,604,828. Annaly Capital Management has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $13,033.26, a PE ratio of 9.29, a price-to-earnings-growth ratio of 2.15 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. During the same quarter in the prior year, the company earned $0.29 EPS. Annaly Capital Management’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts forecast that Annaly Capital Management will post 1.2 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.68%. Annaly Capital Management’s payout ratio is 48.00%.
In related news, Director Francine J. Bovich purchased 13,500 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $12.29 per share, with a total value of $165,915.00. Following the purchase, the director now owns 13,500 shares of the company’s stock, valued at $165,915. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Keyes purchased 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 413,500 shares of company stock worth $4,750,915 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NLY. Principal Financial Group Inc. grew its stake in Annaly Capital Management by 398.2% in the 1st quarter. Principal Financial Group Inc. now owns 658,721 shares of the real estate investment trust’s stock valued at $7,318,000 after acquiring an additional 526,497 shares during the period. Teachers Advisors LLC grew its stake in Annaly Capital Management by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 1,930,670 shares of the real estate investment trust’s stock valued at $21,450,000 after acquiring an additional 62,794 shares during the period. Amalgamated Bank grew its stake in Annaly Capital Management by 9.4% in the 1st quarter. Amalgamated Bank now owns 55,297 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 4,758 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Annaly Capital Management by 8.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,986,153 shares of the real estate investment trust’s stock valued at $22,067,000 after acquiring an additional 149,564 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Annaly Capital Management in the 1st quarter valued at $615,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.
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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