Annaly Capital Management, Inc. (NYSE:NLY – Get Rating)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $6.90, but opened at $6.64. Annaly Capital Management shares last traded at $6.65, with a volume of 4,326,780 shares trading hands.
Analyst Ratings Changes
Several equities analysts recently commented on NLY shares. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $7.50 to $6.50 and set an "overweight" rating for the company in a research note on Monday, April 25th. Barclays dropped their price objective on shares of Annaly Capital Management from $8.00 to $7.00 in a research note on Wednesday, April 27th. Credit Suisse Group dropped their price objective on shares of Annaly Capital Management to $6.50 in a research note on Friday, July 22nd. Piper Sandler dropped their price target on shares of Annaly Capital Management from $6.50 to $6.00 and set a "neutral" rating for the company in a research note on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods raised shares of Annaly Capital Management from a "market perform" rating to an "outperform" rating and raised their price target for the company from $6.25 to $6.75 in a research note on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management has an average rating of "Hold" and a consensus price target of $6.67.
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The business's 50 day moving average is $6.30 and its two-hundred day moving average is $6.78. The firm has a market cap of $9.70 billion, a P/E ratio of 2.63, a P/E/G ratio of 1.26 and a beta of 1.16.
Annaly Capital Management (NYSE:NLY – Get Rating) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. Annaly Capital Management had a net margin of 178.91% and a return on equity of 16.08%. The business had revenue of $475.14 million during the quarter, compared to the consensus estimate of $399.39 million. During the same quarter last year, the firm earned $0.30 earnings per share. Annaly Capital Management's quarterly revenue was down 18.2% on a year-over-year basis. Equities research analysts anticipate that Annaly Capital Management, Inc. will post 1.1 EPS for the current year.Annaly Capital Management Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date was Wednesday, June 29th. Annaly Capital Management's dividend payout ratio is presently 34.92%.
Insider Buying and Selling
In other news, CEO David L. Finkelstein bought 200,000 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average price of $5.56 per share, with a total value of $1,112,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by insiders.
Institutional Investors Weigh In On Annaly Capital Management
A number of large investors have recently bought and sold shares of the stock. Smith Moore & CO. grew its holdings in Annaly Capital Management by 5.9% in the fourth quarter. Smith Moore & CO. now owns 25,219 shares of the real estate investment trust's stock worth $197,000 after purchasing an additional 1,400 shares during the period. Sigma Planning Corp grew its holdings in Annaly Capital Management by 1.5% in the fourth quarter. Sigma Planning Corp now owns 95,449 shares of the real estate investment trust's stock worth $746,000 after purchasing an additional 1,453 shares during the period. Atticus Wealth Management LLC grew its holdings in Annaly Capital Management by 21.4% in the first quarter. Atticus Wealth Management LLC now owns 8,500 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,500 shares during the period. H&H Retirement Design & Management INC grew its holdings in shares of Annaly Capital Management by 3.0% during the fourth quarter. H&H Retirement Design & Management INC now owns 52,929 shares of the real estate investment trust's stock valued at $368,000 after buying an additional 1,517 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of Annaly Capital Management by 7.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 23,442 shares of the real estate investment trust's stock valued at $183,000 after buying an additional 1,537 shares during the last quarter. 41.79% of the stock is currently owned by institutional investors and hedge funds.
About Annaly Capital Management
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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.
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