ANNALY CAP MGMT/SH (NYSE:NLY) Shares Gap Down to $9.29

Shares of ANNALY CAP MGMT/SH (NYSE:NLY) gapped down prior to trading on Thursday . The stock had previously closed at $9.50, but opened at $9.29. ANNALY CAP MGMT/SH shares last traded at $9.10, with a volume of 10,477,223 shares traded.

Several research analysts recently weighed in on the stock. Nomura assumed coverage on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research raised shares of ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Wednesday, April 24th. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, UBS Group started coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They set a “buy” rating and a $9.50 target price for the company. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. ANNALY CAP MGMT/SH presently has an average rating of “Buy” and a consensus price target of $10.75.

The stock has a fifty day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $13.25 billion, a PE ratio of 7.61 and a beta of 0.36.

ANNALY CAP MGMT/SH (NYSE:NLY) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. The firm had revenue of $218.49 million during the quarter, compared to analyst estimates of $435.12 million. During the same quarter in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was down 57.3% compared to the same quarter last year. On average, sell-side analysts forecast that ANNALY CAP MGMT/SH will post 1.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.95%. The ex-dividend date is Thursday, June 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 100.00%.

In other news, Director Thomas Edward Hamilton purchased 30,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $9.47 per share, with a total value of $284,100.00. Following the acquisition, the director now directly owns 130,000 shares of the company’s stock, valued at $1,231,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin Keyes purchased 300,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $9.62 per share, with a total value of $2,886,000.00. Following the acquisition, the chief executive officer now directly owns 1,284,779 shares in the company, valued at $12,359,573.98. The disclosure for this purchase can be found here. Insiders have acquired a total of 482,780 shares of company stock valued at $4,629,037 in the last ninety days. Company insiders own 0.34% of the company’s stock.

Several hedge funds have recently made changes to their positions in NLY. Wells Fargo & Company MN grew its holdings in shares of ANNALY CAP MGMT/SH by 134.6% in the 1st quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after buying an additional 14,521,988 shares during the period. Norges Bank acquired a new position in shares of ANNALY CAP MGMT/SH in the 4th quarter valued at $133,161,000. BlackRock Inc. grew its holdings in shares of ANNALY CAP MGMT/SH by 12.6% in the 4th quarter. BlackRock Inc. now owns 120,128,838 shares of the real estate investment trust’s stock valued at $1,179,664,000 after buying an additional 13,472,763 shares during the period. Vanguard Group Inc grew its holdings in shares of ANNALY CAP MGMT/SH by 11.9% in the 3rd quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after buying an additional 11,751,750 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of ANNALY CAP MGMT/SH by 102.9% in the 4th quarter. Deutsche Bank AG now owns 9,510,491 shares of the real estate investment trust’s stock valued at $93,389,000 after buying an additional 4,823,911 shares during the period. 57.19% of the stock is owned by institutional investors.

About ANNALY CAP MGMT/SH (NYSE:NLY)

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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