Annaly Capital Management Inc (NYSE:NLY) Chairman Wellington Denahan acquired 125,280 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average price of $11.97 per share, for a total transaction of $1,499,601.60. Following the completion of the purchase, the chairman now directly owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Annaly Capital Management Inc (NYSE:NLY) opened at $11.91 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $13,810.16, a PE ratio of 9.84, a PEG ratio of 2.28 and a beta of 0.22. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. research analysts predict that Annaly Capital Management Inc will post 1.2 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. APG Asset Management N.V. increased its stake in Annaly Capital Management by 70.0% during the third quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after acquiring an additional 11,082,900 shares during the period. Principal Financial Group Inc. increased its stake in Annaly Capital Management by 1,537.9% during the second quarter. Principal Financial Group Inc. now owns 10,789,299 shares of the real estate investment trust’s stock valued at $130,011,000 after acquiring an additional 10,130,578 shares during the period. Wells Fargo & Company MN increased its stake in Annaly Capital Management by 58.1% during the second quarter. Wells Fargo & Company MN now owns 13,314,572 shares of the real estate investment trust’s stock valued at $160,441,000 after acquiring an additional 4,891,048 shares during the period. Janus Henderson Group PLC increased its stake in Annaly Capital Management by 136.1% during the third quarter. Janus Henderson Group PLC now owns 7,528,679 shares of the real estate investment trust’s stock valued at $91,774,000 after acquiring an additional 4,340,397 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Annaly Capital Management by 38.7% during the second quarter. Renaissance Technologies LLC now owns 14,405,486 shares of the real estate investment trust’s stock valued at $173,586,000 after acquiring an additional 4,020,960 shares during the period. Institutional investors and hedge funds own 54.45% of the company’s stock.
A number of equities analysts have recently commented on the company. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.77.
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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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