Annaly Capital Management CEO Buys $1,000,362 in Stock (NLY)
Annaly Capital Management (NYSE:NLY) CEO Wellington Denahan purchased 86,837 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $11.52 per share, for a total transaction of $1,000,362.24. Following the purchase, the chief executive officer now directly owns 1,374,918 shares of the company’s stock, valued at approximately $15,839,055. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Annaly Capital Management (NYSE:NLY) opened at 11.76 on Monday. Annaly Capital Management has a one year low of $9.66 and a one year high of $12.61. The stock’s 50-day moving average is $11.30 and its 200-day moving average is $11.3. The company has a market cap of $11.143 billion and a P/E ratio of 18.01.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.03. During the same quarter last year, the company posted $0.40 earnings per share. Analysts expect that Annaly Capital Management will post $1.15 EPS for the current fiscal year.
A number of research firms have recently commented on NLY. 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus 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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