Annaly Capital Management Inc (NLY) Chairman Buys $1,499,601.60 in Stock
Annaly Capital Management Inc (NYSE:NLY) Chairman Wellington Denahan purchased 125,280 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $11.97 per share, for a total transaction of $1,499,601.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Annaly Capital Management Inc (NYSE NLY) traded down $0.08 during trading on Friday, reaching $11.91. 7,279,500 shares of the company’s stock were exchanged, compared to its average volume of 8,497,312. The company has a market cap of $13,856.54, a price-to-earnings ratio of 9.88, a PEG ratio of 2.29 and a beta of 0.22. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. 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 (NYSE:NLY) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. sell-side analysts expect that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
NLY has been the topic of a number of recent analyst reports. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Annaly Capital Management has an average rating of “Hold” and an average target price of $11.77.
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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