Annaly Capital Management, Inc. (NYSE:NLY) was the target of unusually large options trading on Thursday. Investors purchased 34,793 put options on the stock. This represents an increase of approximately 3,009% compared to the typical daily volume of 1,119 put options.
NLY has been the topic of several recent research reports. Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Finally, Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Buy” and a consensus price target of $12.21.
Annaly Capital Management (NLY) opened at $10.21 on Friday. Annaly Capital Management has a fifty-two week low of $10.03 and a fifty-two week high of $12.73. 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 firm has a market capitalization of $11,960.00, a P/E ratio of 4.08, a PEG ratio of 1.87 and a beta of 0.05.
In other news, CFO Glenn Votek purchased 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $11.73 per share, for a total transaction of $293,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price of $11.97 per share, for a total transaction of $1,499,601.60. Following the acquisition, the chairman now owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Barings LLC bought a new position in shares of Annaly Capital Management in the third quarter valued at approximately $548,000. White Lighthouse Investment Management Inc. bought a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $960,000. Nationwide Fund Advisors lifted its holdings in shares of Annaly Capital Management by 33.9% in the third quarter. Nationwide Fund Advisors now owns 1,276,878 shares of the real estate investment trust’s stock valued at $15,565,000 after purchasing an additional 323,384 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Annaly Capital Management by 3.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 341,744 shares of the real estate investment trust’s stock valued at $4,166,000 after purchasing an additional 11,205 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Annaly Capital Management by 5.9% in the third quarter. Public Employees Retirement System of Ohio now owns 450,742 shares of the real estate investment trust’s stock valued at $5,495,000 after purchasing an additional 25,161 shares in the last quarter. Institutional investors own 55.14% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Stock Traders Purchase High Volume of Annaly Capital Management Put Options (NLY)” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/11/stock-traders-purchase-high-volume-of-annaly-capital-management-put-options-nly.html.
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.
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.