ANNALY CAP MGMT/SH (NLY) Insider Purchases $478,000.00 in Stock

ANNALY CAP MGMT/SH (NYSE:NLY) insider Anthony C. Green bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $9.56 per share, for a total transaction of $478,000.00. Following the transaction, the insider now owns 151,000 shares in the company, valued at $1,443,560. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:NLY remained flat at $$9.53 on Thursday. 6,703,056 shares of the company traded hands, compared to its average volume of 15,687,556. The company has a market cap of $13.89 billion, a P/E ratio of 7.94 and a beta of 0.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. ANNALY CAP MGMT/SH has a fifty-two week low of $9.50 and a fifty-two week high of $10.78.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $218.49 million during the quarter, compared to the consensus estimate of $435.12 million. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. The firm’s revenue was down 57.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, equities analysts predict that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.59%. The ex-dividend date of this dividend was Thursday, March 28th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

A number of brokerages have recently weighed in on NLY. Zacks Investment Research downgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Nomura assumed coverage on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $11.00 price objective for the company. Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the company a “buy” rating in a research note on Friday, February 15th. TheStreet downgraded shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Finally, JPMorgan Chase & Co. raised shares of ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $10.50 in a research note on Wednesday, January 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of ANNALY CAP MGMT/SH by 126.7% during the fourth quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock valued at $67,959,000 after acquiring an additional 3,868,272 shares during the last quarter. Wedbush Securities Inc. grew its holdings in ANNALY CAP MGMT/SH by 5.6% in the first quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock worth $1,164,000 after purchasing an additional 6,133 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in ANNALY CAP MGMT/SH by 9.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,623,412 shares of the real estate investment trust’s stock worth $15,942,000 after purchasing an additional 136,403 shares during the period. Prudential PLC grew its holdings in ANNALY CAP MGMT/SH by 352.0% in the fourth quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 41,700 shares during the period. Finally, Lake Point Wealth Management acquired a new stake in ANNALY CAP MGMT/SH in the fourth quarter worth $123,000. 52.28% of the stock is owned by institutional investors and hedge funds.

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ANNALY CAP MGMT/SH Company Profile

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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