Stock Traders Purchase High Volume of Annaly Capital Management Put Options (NLY)

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.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th were issued a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.75%. Annaly Capital Management’s dividend payout ratio is presently 48.00%.

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.

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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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