Annaly Capital Management Target of Unusually Large Options Trading (NYSE:NLY)

Annaly Capital Management Inc (NYSE:NLY) was the recipient of unusually large options trading activity on Monday. Traders bought 33,501 call options on the stock. This represents an increase of approximately 90% compared to the average daily volume of 17,618 call options.

Annaly Capital Management Trading Down 0.2%

Shares of Annaly Capital Management stock opened at $22.83 on Wednesday. The business has a fifty day simple moving average of $21.33 and a 200-day simple moving average of $20.59. Annaly Capital Management has a fifty-two week low of $16.59 and a fifty-two week high of $22.98. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $493.55 million. On average, equities analysts forecast that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date was Tuesday, September 30th. Annaly Capital Management’s payout ratio is presently 129.63%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jones Trading reiterated a “buy” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. UBS Group increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.71.

Institutional Trading of Annaly Capital Management

A number of large investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new position in shares of Annaly Capital Management in the second quarter valued at $25,000. Delos Wealth Advisors LLC bought a new stake in shares of Annaly Capital Management during the 2nd quarter worth $28,000. Twin Tree Management LP acquired a new position in shares of Annaly Capital Management in the 1st quarter worth $29,000. Evolution Wealth Management Inc. acquired a new stake in shares of Annaly Capital Management during the second quarter worth $29,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Annaly Capital Management during the second quarter valued at $34,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.