Annaly Capital Management Inc. (NYSE:NLY) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 28,209,834 shares, a decrease 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 short-interest ratio is currently 3.4 days.
Hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA increased its stake in Annaly Capital Management by 14.2% in the first quarter. Glenmede Trust Co. NA now owns 31,443 shares of the company’s stock valued at $321,000 after buying an additional 3,900 shares in the last quarter. Aperio Group LLC increased its stake in Annaly Capital Management by 2.0% in the first quarter. Aperio Group LLC now owns 664,312 shares of the company’s stock valued at $6,816,000 after buying an additional 13,249 shares in the last quarter. Virginia Retirement System bought a new stake in Annaly Capital Management during the first quarter valued at $2,398,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Annaly Capital Management by 55.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 752,699 shares of the company’s stock valued at $7,723,000 after buying an additional 267,073 shares in the last quarter. Finally, Ngam Advisors L.P. increased its stake in Annaly Capital Management by 43.0% in the first quarter. Ngam Advisors L.P. now owns 113,259 shares of the company’s stock valued at $1,163,000 after buying an additional 34,075 shares in the last quarter. 54.19% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on NLY shares. Compass Point downgraded shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 target price on the stock. in a research note on Wednesday, June 15th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, June 30th. JPMorgan Chase & Co. restated a “hold” rating and set a $11.00 price objective on shares of Annaly Capital Management in a research report on Friday, August 5th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Deutsche Bank AG increased their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.06.
Shares of Annaly Capital Management (NYSE:NLY) opened at 10.02 on Friday. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $10.69. Annaly Capital Management has a 52 week low of $8.25 and a 52 week high of $11.29. The stock’s market capitalization is $9.98 billion.
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, topping analysts’ consensus estimates 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 company posted $0.41 EPS. On average, equities research analysts expect that Annaly Capital Management will post $1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a $0.2641 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date is Wednesday, September 28th. Annaly Capital Management’s payout ratio is currently -83.46%.
Annaly Capital Management Company Profile
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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