Annaly Capital Management Inc (NYSE:NLY) saw a significant decrease in short interest during the month of October. As of October 13th, there was short interest totalling 25,959,452 shares, a decrease of 30.7% from the September 29th total of 37,433,385 shares. Based on an average daily volume of 12,001,548 shares, the days-to-cover ratio is currently 2.2 days. Approximately 2.4% of the shares of the company are short sold.

In other Annaly Capital Management news, Director Donnell Segalas purchased 8,000 shares of the stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $12.09 per share, with a total value of $96,720.00. Following the completion of the acquisition, the director now owns 84,150 shares in the company, valued at $1,017,373.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Francine J. Bovich purchased 13,500 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the acquisition, the director now owns 13,500 shares of the company’s stock, valued at approximately $165,915. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 139,200 shares of company stock worth $1,726,513. 0.43% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of NLY. APG Asset Management N.V. boosted its holdings in shares of Annaly Capital Management by 70.0% in the third quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after acquiring an additional 11,082,900 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Annaly Capital Management by 1,537.9% in the second quarter. Principal Financial Group Inc. now owns 10,789,299 shares of the real estate investment trust’s stock valued at $130,011,000 after acquiring an additional 10,130,578 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Annaly Capital Management by 58.1% in the second quarter. Wells Fargo & Company MN now owns 13,314,572 shares of the real estate investment trust’s stock valued at $160,441,000 after acquiring an additional 4,891,048 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Annaly Capital Management by 38.7% in the second quarter. Renaissance Technologies LLC now owns 14,405,486 shares of the real estate investment trust’s stock valued at $173,586,000 after acquiring an additional 4,020,960 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Annaly Capital Management by 2,346.7% in the second quarter. Janus Henderson Group PLC now owns 3,188,282 shares of the real estate investment trust’s stock valued at $38,418,000 after acquiring an additional 3,057,973 shares in the last quarter. 48.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Annaly Capital Management (NLY) opened at 11.61 on Monday. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 4.01 and a beta of 0.28. Annaly Capital Management has a 1-year low of $9.83 and a 1-year high of $12.73. The stock’s 50 day moving average is $12.24 and its 200 day moving average is $12.07.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Annaly Capital Management will post $1.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.34%. The ex-dividend date is Thursday, September 28th. Annaly Capital Management’s payout ratio is 41.52%.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Thursday, August 3rd. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.69.

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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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