Key Points
- Director Scott Wede bought 50,000 Annaly shares at an average $18.80 each, a $940,000 purchase disclosed in an SEC filing.
- Annaly reported quarterly earnings of $0.80 per share, beating the $0.77 consensus estimate. It also pays a $0.75 quarterly dividend, equivalent to a 15.8% yield; its reported payout ratio was 209.79%.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $21.67.
Annaly Capital Management Inc (NYSE:NLY - Get Free Report) Director Scott Wede purchased 50,000 shares of Annaly Capital Management stock in a transaction on Friday, November 6th. The shares were acquired at an average price of $18.80 per share, with a total value of $940,000.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at $940,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Annaly Capital Management Stock Performance
NYSE:NLY opened at $18.98 on Tuesday. Annaly Capital Management Inc has a 1 year low of $17.70 and a 1 year high of $24.52. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.45 and a beta of 1.24. The business has a fifty day moving average of $19.77 and a 200-day moving average of $21.80.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. On average, equities research analysts predict that Annaly Capital Management Inc will post 3.13 EPS for the current year.
Annaly Capital Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date was Wednesday, September 30th. Annaly Capital Management's payout ratio is 209.79%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust's stock worth $1,950,230,000 after acquiring an additional 5,485,296 shares during the period. State Street Corp raised its position in Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust's stock worth $679,468,000 after acquiring an additional 1,272,235 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Annaly Capital Management by 8.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,537,956 shares of the real estate investment trust's stock valued at $234,460,000 after acquiring an additional 1,001,289 shares during the last quarter. KBC Group NV lifted its holdings in Annaly Capital Management by 44.2% in the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust's stock valued at $105,243,000 after acquiring an additional 1,525,251 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Annaly Capital Management by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust's stock valued at $104,961,000 after purchasing an additional 248,335 shares in the last quarter. Institutional investors own 51.56% of the company's stock.
Analysts Set New Price Targets
NLY has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Thursday, October 22nd. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Royal Bank Of Canada set a $21.00 target price on Annaly Capital Management and gave the stock an "outperform" rating in a report on Thursday, October 22nd. Weiss Ratings downgraded Annaly Capital Management from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, October 29th. Finally, Piper Sandler decreased their price target on Annaly Capital Management from $25.00 to $21.50 and set an "overweight" rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.67.
Get Our Latest Analysis on Annaly Capital Management
About Annaly Capital Management
(
Get Free Report)
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.
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