Annaly Capital Management Inc (NYSE:NLY) Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the purchase, the director now owns 102,450 shares in the company, valued at approximately $1,161,783. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Annaly Capital Management Inc (NLY) opened at $11.38 on Tuesday. Annaly Capital Management Inc has a 1 year low of $9.83 and a 1 year high of $12.73. The firm has a market cap of $13,033.26, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.15 and a beta of 0.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick 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 for the quarter, topping the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company had revenue of $353.61 million for the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. Annaly Capital Management’s quarterly revenue was up 12.2% on a year-over-year basis. analysts forecast that Annaly Capital Management Inc will post 1.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.54%. The ex-dividend date was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is presently 48.00%.
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NLY has been the topic of a number of recent analyst reports. BidaskClub cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two 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 issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.77.
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wisconsin Investment Board boosted its stake in Annaly Capital Management by 32.6% during the second quarter. State of Wisconsin Investment Board now owns 904,157 shares of the real estate investment trust’s stock worth $10,895,000 after buying an additional 222,300 shares during the period. Suntrust Banks Inc. boosted its stake in Annaly Capital Management by 296.6% during the second quarter. Suntrust Banks Inc. now owns 54,705 shares of the real estate investment trust’s stock worth $658,000 after buying an additional 40,913 shares during the period. Stuyvesant Capital Management boosted its stake in Annaly Capital Management by 5.6% during the second quarter. Stuyvesant Capital Management now owns 234,375 shares of the real estate investment trust’s stock worth $2,824,000 after buying an additional 12,500 shares during the period. PGGM Investments boosted its stake in Annaly Capital Management by 109.0% during the third quarter. PGGM Investments now owns 3,007,293 shares of the real estate investment trust’s stock worth $36,659,000 after buying an additional 1,568,450 shares during the period. Finally, CAPROCK Group Inc. purchased a new position in Annaly Capital Management during the second quarter worth $152,000. 49.33% of the stock is owned by institutional investors.
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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