Annaly Capital Management Sees Large Growth in Short Interest (NLY)
Annaly Capital Management (NYSE:NLY) saw a significant increase in short interest in May. As of May 30th, there was short interest totalling 21,421,402 shares, an increase of 11.7% from the May 15th total of 19,179,082 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 7,299,291 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.3% of the company’s shares are short sold.
NLY has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Thursday, June 12th. They now have a $12.00 price target on the stock, up previously from $11.50. Separately, analysts at Portales Partners upgraded shares of Annaly Capital Management from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 8th. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Annaly Capital Management in a research note on Thursday, May 8th. They now have a $10.00 price target on the stock, up previously from $8.50. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.84.
Shares of Annaly Capital Management (NYSE:NLY) opened at 11.65 on Monday. Annaly Capital Management has a one year low of $9.66 and a one year high of $13.12. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $10.98. The company has a market cap of $11.038 billion and a P/E ratio of 4.30.
Annaly Capital Management (NYSE:NLY) last released its earnings data on Wednesday, May 7th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.05. During the same quarter last year, the company posted $0.47 earnings per share. Analysts expect that Annaly Capital Management will post $1.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend is Friday, June 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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