Annaly Capital Management Inc. (NYSE:NLY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 28,209,834 shares, a decline of 5.8% from the August 31st total of 29,931,534 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 8,335,712 shares, the days-to-cover ratio is presently 3.4 days.

Annaly Capital Management (NYSE:NLY) opened at 9.99 on Thursday. The firm’s market capitalization is $9.95 billion. Annaly Capital Management has a 52 week low of $8.25 and a 52 week high of $11.29. The firm has a 50-day moving average of $10.68 and a 200 day moving average of $10.70.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a negative net margin of 68.57% and a positive return on equity of 10.85%. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts predict that Annaly Capital Management will post $1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a $0.2641 dividend. This represents a $1.06 annualized dividend and a yield of 10.58%. The ex-dividend date is Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is -83.46%.

NLY has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Deutsche Bank AG boosted their price objective on shares of Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a research report on Friday, August 12th. Credit Suisse Group AG restated a “hold” rating and set a $11.50 price objective on shares of Annaly Capital Management in a research report on Friday, September 9th. Compass Point downgraded shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 price objective for the company. in a research report on Wednesday, June 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Annaly Capital Management currently has an average rating of “Hold” and an average price target of $11.06.

A number of hedge funds have recently modified their holdings of NLY. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,023,200 shares of the company’s stock valued at $741,948,000 after buying an additional 1,048,137 shares during the period. BlackRock Fund Advisors increased its stake in shares of Annaly Capital Management by 17.1% in the second quarter. BlackRock Fund Advisors now owns 45,889,718 shares of the company’s stock valued at $507,999,000 after buying an additional 6,714,139 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Annaly Capital Management by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 25,902,569 shares of the company’s stock valued at $265,760,000 after buying an additional 136,082 shares during the period. State Street Corp increased its stake in shares of Annaly Capital Management by 0.5% in the first quarter. State Street Corp now owns 24,987,256 shares of the company’s stock valued at $256,371,000 after buying an additional 131,340 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Annaly Capital Management by 89.9% in the first quarter. Renaissance Technologies LLC now owns 13,768,700 shares of the company’s stock valued at $141,267,000 after buying an additional 6,519,800 shares during the period. 54.19% of the stock is owned by institutional investors.

About Annaly Capital Management

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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