Annaly Capital Management (NYSE:NLY) Director Scott Wede Buys 50,000 Shares of Stock

Annaly Capital Management Inc (NYSE:NLY) Director Scott Wede purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $940,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately $940,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Annaly Capital Management Price Performance

NLY traded up $0.23 on Monday, reaching $18.98. The company’s stock had a trading volume of 7,936,194 shares, compared to its average volume of 8,538,092. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Annaly Capital Management Inc has a 1 year low of $17.70 and a 1 year high of $24.52. The business’s 50 day moving average is $19.86 and its 200 day moving average is $21.83.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $637.41 million. As a group, research analysts forecast that Annaly Capital Management Inc will post 3.13 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 15.8%. Annaly Capital Management’s dividend payout ratio is currently 209.79%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Barclays set a $21.00 price target on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. BTIG Research set a $21.00 price target on Annaly Capital Management and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada set a $21.00 price objective on Annaly Capital Management and gave the company an “outperform” rating in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $21.67.

Institutional Trading of Annaly Capital Management

A number of institutional investors and hedge funds have recently modified their holdings of the business. HUB Investment Partners LLC lifted its holdings in Annaly Capital Management by 3.3% in the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 462 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of Annaly Capital Management by 2.3% during the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock worth $463,000 after purchasing an additional 495 shares during the period. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 30.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 500 shares during the period. Strs Ohio lifted its holdings in shares of Annaly Capital Management by 3.3% in the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 548 shares during the last quarter. Finally, Blueprint Financial Advisors LLC lifted its holdings in shares of Annaly Capital Management by 4.1% in the 3rd quarter. Blueprint Financial Advisors LLC now owns 14,944 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 585 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights.

The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.

Founded in 1997, Annaly focuses primarily on the U.S.