Annaly Capital Management Sees Large Drop in Short Interest (NLY)
Shares of Annaly Capital Management (NYSE:NLY) saw a significant decline in short interest in the month of June. As of June 13th, there was short interest totalling 18,357,938 shares, a decline of 14.3% from the May 30th total of 21,421,402 shares, StockRatingsNetwork.com reports. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 7,093,334 shares, the short-interest ratio is currently 2.6 days.
A number of analysts have recently weighed in on NLY shares. 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.84.
Annaly Capital Management (NYSE:NLY) opened at 11.07 on Tuesday. Annaly Capital Management has a 52-week low of $9.66 and a 52-week high of $12.61. The stock has a 50-day moving average of $11.58 and a 200-day moving average of $11.. The company has a market cap of $10.489 billion and a price-to-earnings ratio of 4.11.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Tuesday, July 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.84%. The ex-dividend date 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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