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Annaly Capital Management (NYSE:NLY) CEO Wellington Denahan purchased 86,837 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $11.52 per share, for a total transaction of $1,000,362.24. Following the completion of the purchase, the chief executive officer now directly owns 1,374,918 shares in the company, valued at approximately $15,839,055. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Annaly Capital Management (NYSE:NLY) traded up 0.78% on Thursday, hitting $11.60. 8,273,445 shares of the company’s stock traded hands. 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 $11.30 and a 200-day moving average of $11.29. The company has a market cap of $10.992 billion and a P/E ratio of 17.87.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. During the same quarter last year, the company posted $0.40 earnings per share. On average, analysts predict that Annaly Capital Management will post $1.15 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on NLY shares. Analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Friday, August 8th. They now have a $13.00 price target on the stock, up previously from $12.25. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Thursday, August 7th. They now have a $12.00 price target on the stock. Finally, analysts at Sterne Agee upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $12.75 price target on the stock, up previously from $10.25. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Annaly Capital Management presently has a consensus rating of “Hold” and an average price target of $11.33.

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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