Annaly Capital Management Inc (NLY) CFO Acquires $293,250.00 in Stock

Annaly Capital Management Inc (NYSE:NLY) CFO Glenn Votek purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $11.73 per share, for a total transaction of $293,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Annaly Capital Management Inc (NYSE NLY) traded up $0.13 on Friday, reaching $11.80. 9,940,610 shares of the company’s stock traded hands, compared to its average volume of 8,493,329. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. The company has a market cap of $13,680.00, a PE ratio of 9.75, a P/E/G ratio of 2.26 and a beta of 0.23. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73.

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

A number of brokerages recently issued reports on NLY. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, September 26th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.77.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock valued at $1,017,920,000 after purchasing an additional 1,881,971 shares during the last quarter. State Street Corp increased its holdings in Annaly Capital Management by 1.0% in the 2nd quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock worth $338,303,000 after acquiring an additional 291,014 shares in the last quarter. APG Asset Management N.V. increased its holdings in Annaly Capital Management by 70.0% in the 3rd quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock worth $327,985,000 after acquiring an additional 11,082,900 shares in the last quarter. FMR LLC increased its holdings in Annaly Capital Management by 4.3% in the 2nd quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock worth $259,001,000 after acquiring an additional 878,306 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Annaly Capital Management by 0.4% in the 2nd quarter. LSV Asset Management now owns 19,792,129 shares of the real estate investment trust’s stock worth $238,495,000 after acquiring an additional 78,700 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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Annaly Capital Management Company Profile

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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