Annaly Capital Management Inc. (NYSE:NLY) insider Timothy P. Coffey bought 30,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were bought at an average price of $10.15 per share, for a total transaction of $304,500.00. Following the completion of the transaction, the insider now directly owns 38,000 shares of the company’s stock, valued at approximately $385,700. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Annaly Capital Management Inc. (NYSE:NLY) opened at 10.02 on Tuesday. The stock has a market cap of $10.21 billion, a P/E ratio of 53.87 and a beta of 0.23. The firm’s 50-day moving average is $10.25 and its 200-day moving average is $10.66. Annaly Capital Management Inc. has a 1-year low of $8.25 and a 1-year high of $11.29.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter in the prior year, the business posted $0.21 EPS. On average, analysts forecast that Annaly Capital Management Inc. will post $1.18 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were given a dividend of $0.2641 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.54%. Annaly Capital Management’s dividend payout ratio (DPR) is 963.64%.

Several analysts have recently commented on NLY shares. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, October 12th. Deutsche Bank AG increased their price target on shares of Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 12th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. Credit Suisse Group AG reiterated a “hold” rating and issued a $11.50 price target on shares of Annaly Capital Management in a research report on Friday, September 9th. Finally, Bank of America Corp. reiterated a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a research report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Annaly Capital Management currently has an average rating of “Hold” and an average target price of $11.06.

Several hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in shares of Annaly Capital Management during the second quarter valued at about $101,000. Balentine LLC acquired a new position in shares of Annaly Capital Management during the second quarter valued at about $105,000. Krasney Financial LLC acquired a new position in shares of Annaly Capital Management during the third quarter valued at about $108,000. Penserra Capital Management LLC boosted its position in shares of Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock valued at $112,000 after buying an additional 189 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its position in shares of Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock valued at $115,000 after buying an additional 4,636 shares in the last quarter. Institutional investors own 55.75% of the company’s stock.

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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