Annaly Capital Management Inc (NYSE:NLY) gapped down before the market opened on Friday . The stock had previously closed at $12.70, but opened at $12.38. Annaly Capital Management shares last traded at $12.12, with a volume of 48,908,004 shares changing hands.

NLY has been the subject of a number of research analyst reports. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $11.69.

The firm has a market capitalization of $13.19 billion, a PE ratio of 4.19 and a beta of 0.28. The stock’s 50 day moving average price is $12.37 and its 200 day moving average price is $11.97.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.90%. Annaly Capital Management’s payout ratio is currently 41.52%.

In other news, Director Francine J. Bovich purchased 13,500 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the transaction, the director now owns 13,500 shares in the company, valued at $165,915. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donnell Segalas acquired 8,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the acquisition, the director now owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 139,200 shares of company stock worth $1,726,513. 0.43% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. lifted its holdings in Annaly Capital Management by 12.5% during the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,028 shares in the last quarter. MCF Advisors LLC lifted its holdings in Annaly Capital Management by 2,903.2% during the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 9,000 shares in the last quarter. Balentine LLC purchased a new position in Annaly Capital Management during the second quarter valued at $114,000. Cornerstone Wealth Management LLC purchased a new position in Annaly Capital Management during the first quarter valued at $116,000. Finally, Advisory Services Network LLC lifted its holdings in Annaly Capital Management by 9.0% during the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 806 shares in the last quarter. 51.34% of the stock is currently owned by institutional investors and hedge funds.

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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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