Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) CEO David L. Finkelstein acquired 200,000 shares of the company in a transaction dated Friday, June 17. The shares were purchased at an average cost of $5.56 per share, with a total value of $1,112,000.00. Following the completion of the purchase, the CEO now directly owns 1,669,013 shares of the company, valued at approximately $9,279,712.28. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink.
Shares of NYSE:NLY traded at $0.23 on Friday, hitting $5.71. 61,213,719 shares of the company were traded, against an average volume of 29,098,307. The company’s 50-day moving average is $6.52 and its 200-day moving average is $7.22. The company has a market capitalization of $8.34 billion, a PE ratio of 3.15, a P/E/G ratio of 1.19 and a beta of 1.14. Annaly Capital Management, Inc. has a 1-year low of $5.45 and a 1-year high of $9.27.
Annaly Capital Management (NYSE:NLY – Get Rating) last announced its results on Wednesday, April 27. The real estate investment trust reported earnings per share (EPS) of $0.28 for the quarter, beating consensus analyst estimates of $0.25 by $0.03. Annaly Capital Management achieved a return on equity of 15.45% and a net margin of 141.90%. In the same period a year earlier, the company posted earnings per share of $0.29. Equity analysts predict that Annaly Capital Management, Inc. will post EPS of 0.98 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Thursday, June 30 will receive a dividend of $0.22. The ex-date of this dividend is Wednesday, June 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 15.41%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 50.57%.
NLY has been the subject of a number of research reports. Piper Sandler lowered her price target on Annaly Capital Management from $8.00 to $7.00 and set a “neutral” rating for the company in a Tuesday, April 5 research note. Barclays lowered its target price on Annaly Capital Management from $8.00 to $7.00 in a Wednesday April 27 research note. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a “market performer” rating to an “outperformer” rating and raised their price target for the stock from $6.25 to $6.75 in a report from Wednesday, June 8. StockNews.com began covering Annaly Capital Management in a report on Thursday, March 31. They have set a “holding” rating on the stock. Finally, JPMorgan Chase & Co. cut its price target on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating on the stock in a Monday, April 25 report. Five equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.29.
Several hedge funds and other institutional investors have recently changed their positions in the stock. TAP Consulting LLC acquired a new stake in Annaly Capital Management during Q4, valued at approximately $25,000. Riverview Trust Co purchased a new stake in Annaly Capital Management during Q1 worth approximately $25,000. Hardy Reed LLC purchased a new stake in Annaly Capital Management during Q1 worth approximately $27,000. SJS Investment Consulting Inc. purchased a new stake in Annaly Capital Management during Q1 worth approximately $30,000. Finally, Marshall Wace LLP acquired a new stake in Annaly Capital Management during Q1 worth approximately $30,000. 41.79% of the shares are held by hedge funds and other institutional investors.
Annaly Capital Management Company Profile (Get an evaluation)
Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage financing and middle market business lending. The Company invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgages, transfer securities credit risk, corporate debt and other commercial real estate investments.
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