Annaly Capital Management, Inc. (NYSE:NLY) insider Anthony C. Green bought 23,250 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $10.42 per share, for a total transaction of $242,265.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Annaly Capital Management, Inc. (NLY) opened at $10.18 on Friday. Annaly Capital Management, Inc. has a twelve month low of $10.03 and a twelve month high of $12.73. The firm has a market capitalization of $11,781.77, a price-to-earnings ratio of 7.65, a P/E/G ratio of 1.99 and a beta of 0.05. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.23.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Annaly Capital Management had a return on equity of 11.66% and a net margin of 72.18%. The firm had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Annaly Capital Management’s quarterly revenue was down 31.6% on a year-over-year basis. analysts expect that Annaly Capital Management, Inc. will post 1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is presently 90.23%.
NLY has been the topic of a number of recent research reports. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th. Compass Point raised Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Finally, Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $12.21.
Hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. acquired a new position in Annaly Capital Management during the third quarter worth $100,000. Barrett Asset Management LLC acquired a new position in Annaly Capital Management during the fourth quarter worth $107,000. Advisory Services Network LLC grew its holdings in Annaly Capital Management by 9.0% during the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 806 shares during the period. Wellington Shields Capital Management LLC purchased a new stake in Annaly Capital Management during the third quarter worth $122,000. Finally, Staley Capital Advisers Inc. purchased a new stake in Annaly Capital Management during the third quarter worth $126,000. 57.10% of the stock is currently owned by hedge funds and other 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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