Annaly Capital Management Inc (NLY) Director Buys $165,915.00 in Stock
Annaly Capital Management Inc (NYSE:NLY) Director Francine J. Bovich acquired 13,500 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $12.29 per share, with a total value of $165,915.00. Following the acquisition, the director now owns 13,500 shares in the company, valued at $165,915. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Annaly Capital Management Inc (NLY) traded down 0.24% during midday trading on Thursday, hitting $12.32. The company’s stock had a trading volume of 7,746,700 shares. The firm has a 50-day moving average of $12.10 and a 200 day moving average of $11.56. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 4.26 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The business had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. During the same period last year, the business posted $0.29 earnings per share. On average, equities research analysts predict that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.74%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its position in Annaly Capital Management by 41.5% in the fourth quarter. Macquarie Group Ltd. now owns 227,000 shares of the real estate investment trust’s stock valued at $2,263,000 after buying an additional 66,600 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Annaly Capital Management by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 312,207 shares of the real estate investment trust’s stock valued at $3,468,000 after buying an additional 3,200 shares in the last quarter. National Pension Service raised its position in Annaly Capital Management by 18,228.1% in the first quarter. National Pension Service now owns 995,765 shares of the real estate investment trust’s stock valued at $11,063,000 after buying an additional 990,332 shares in the last quarter. Bank of Montreal Can raised its position in Annaly Capital Management by 40.0% in the first quarter. Bank of Montreal Can now owns 886,814 shares of the real estate investment trust’s stock valued at $9,853,000 after buying an additional 253,421 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Annaly Capital Management by 15.3% in the first quarter. Capstone Asset Management Co. now owns 23,846 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 3,160 shares in the last quarter. Institutional investors and hedge funds own 52.97% of the company’s stock.
A number of research firms recently issued reports on NLY. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.41.
About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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