Annaly Capital Management Target of Unusually Large Options Trading (NLY)
Shares of Annaly Capital Management (NYSE:NLY) was the target of unusually large options trading on Monday. Stock traders acquired 5,998 put options on the company, AR Network reports. This represents an increase of approximately 133% compared to the typical daily volume of 2,575 put options.
A number of analysts have recently weighed in on NLY shares. Analysts at RBC Capital cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $19.00 to $16.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Annaly Capital Management (NYSE:NLY) in a research note to investors on Monday, August 12th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Wunderlich cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $13.50 to $12.50 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock.
Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.53.
Shares of Annaly Capital Management (NYSE:NLY) traded down 0.67% during mid-day trading on Monday, hitting $11.92. 14,231,633 shares of the company’s stock traded hands. Annaly Capital Management has a 52-week low of $10.63 and a 52-week high of $17.70. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $13.63. The company has a market cap of $11.292 billion and a P/E ratio of 3.45.
Annaly Capital Management (NYSE:NLY) last released its earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.15. The company had revenue of $460.60 million for the quarter, compared to the consensus estimate of $426.30 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, analysts predict that Annaly Capital Management will post $1.72 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.