Investors Buy High Volume of Annaly Capital Management Call Options (NLY)
Annaly Capital Management (NYSE:NLY) saw some unusual options trading activity on Wednesday. Stock investors bought 8,328 call options on the stock, StockRatingsNetwork reports. This represents an increase of 382% compared to the average daily volume of 1,727 call options.
In other Annaly Capital Management news, CEO Wellington Denahan bought 86,837 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $11.52 per share, with a total value of $1,000,362.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.33.
Shares of Annaly Capital Management (NYSE:NLY) traded up 0.25% during mid-day trading on Wednesday, hitting $11.89. The stock had a trading volume of 4,715,395 shares. Annaly Capital Management has a 52 week low of $9.66 and a 52 week high of $12.61. The stock’s 50-day moving average is $11.40 and its 200-day moving average is $11.3. The company has a market cap of $11.266 billion and a P/E ratio of 18.42.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.03. During the same quarter in the prior 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.
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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