Annaly Capital Management Inc (NYSE:NLY) Short Interest Update
by Teresa Graham · The Cerbat GemAnnaly Capital Management Inc (NYSE:NLY – Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 17,410,192 shares, a decrease of 19.7% from the March 31st total of 21,670,917 shares. Based on an average daily volume of 5,565,809 shares, the short-interest ratio is presently 3.1 days. Currently, 2.4% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on NLY shares. UBS Group reaffirmed a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Argus raised Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. JonesTrading reissued a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Finally, BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.22.
Annaly Capital Management Stock Performance
Shares of NLY stock traded down $0.06 on Friday, hitting $22.84. The company had a trading volume of 3,981,491 shares, compared to its average volume of 5,231,736. The firm has a market cap of $16.41 billion, a P/E ratio of 7.72, a P/E/G ratio of 6.99 and a beta of 1.23. The stock’s 50-day moving average is $22.20 and its two-hundred day moving average is $22.37. Annaly Capital Management has a twelve month low of $18.43 and a twelve month high of $24.52.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Equities research analysts predict that Annaly Capital Management will post 2.98 EPS for the current year.
Annaly Capital Management Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.3%. Annaly Capital Management’s dividend payout ratio is presently 94.59%.
Insider Transactions at Annaly Capital Management
In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the completion of the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at $4,727,831.92. This represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the completion of the transaction, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 71,252 shares of company stock valued at $1,639,995. Insiders own 0.22% of the company’s stock.
Institutional Investors Weigh In On Annaly Capital Management
Several institutional investors and hedge funds have recently made changes to their positions in the business. Diversify Wealth Management LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter valued at about $1,353,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Annaly Capital Management by 5.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,995 shares of the real estate investment trust’s stock valued at $3,807,000 after purchasing an additional 9,073 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Annaly Capital Management by 2,675.6% during the 1st quarter. Fifth Third Bancorp now owns 265,653 shares of the real estate investment trust’s stock valued at $5,619,000 after purchasing an additional 256,082 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Annaly Capital Management by 3.8% during the 1st quarter. Candriam S.C.A. now owns 161,392 shares of the real estate investment trust’s stock valued at $3,413,000 after purchasing an additional 5,981 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Annaly Capital Management by 16.9% during the 1st quarter. Hsbc Holdings PLC now owns 271,870 shares of the real estate investment trust’s stock valued at $5,722,000 after purchasing an additional 39,286 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.
Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.