Annaly Capital Management Inc (NYSE:NLY) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 20,447,768 shares, a decline of 21.2% from the October 13th total of 25,959,452 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 10,957,944 shares, the days-to-cover ratio is presently 1.9 days.

In other Annaly Capital Management news, Director Donnell Segalas acquired 9,800 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $11.34 per share, with a total value of $111,132.00. Following the transaction, the director now owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the transaction, the insider now directly owns 300,000 shares in the company, valued at approximately $3,747,000. The disclosure for this purchase can be found here. Over the last three months, insiders bought 409,800 shares of company stock worth $4,696,132. Insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management lifted its holdings in shares of Annaly Capital Management by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 11,119 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 67 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in shares of Annaly Capital Management by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 21,800 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 115 shares during the period. Laurel Wealth Advisors Inc. lifted its holdings in shares of Annaly Capital Management by 1.0% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 16,472 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 156 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of Annaly Capital Management by 1.2% during the 2nd quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 280 shares during the period. Finally, NorthRock Partners LLC lifted its holdings in shares of Annaly Capital Management by 2.0% during the 2nd quarter. NorthRock Partners LLC now owns 15,384 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 301 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management (NYSE NLY) opened at $11.38 on Thursday. The firm has a market capitalization of $13,200.00, a price-to-earnings ratio of 9.40, a PEG ratio of 2.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03. Annaly Capital Management has a twelve month low of $9.83 and a twelve month high of $12.73.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million for the quarter, compared to analysts’ expectations of $361.67 million. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. sell-side analysts predict that Annaly Capital Management will post 1.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 10.54%. Annaly Capital Management’s payout ratio is 48.00%.

Several research firms recently issued reports on NLY. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Annaly Capital Management presently has a consensus rating of “Hold” and an average target price of $11.77.

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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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