Traders Purchase Large Volume of Annaly Capital Management Put Options (NLY)
Annaly Capital Management (NYSE:NLY) was the recipient of some unusual options trading activity on Monday. Stock investors bought 8,086 put options on the stock, American Banking and Market News reports. This is an increase of 189% compared to the average daily volume of 2,795 put options.
NLY has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.21.
Annaly Capital Management (NYSE:NLY) traded up 1.17% during mid-day trading on Monday, hitting $12.07. 12,051,439 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 $17.69. The stock’s 50-day moving average is $11.63 and its 200-day moving average is $13.51. The company has a market cap of $11.434 billion and a price-to-earnings ratio of 3.43.
Annaly Capital Management (NYSE:NLY) last released its earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.55 earnings per share. Annaly Capital Management’s revenue was down 15.7% compared to the same quarter last year. On average, analysts predict that Annaly Capital Management will post $1.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Friday, September 27th.
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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