Annaly Capital Management (NYSE:NLY) Director Buys $940,000.00 in Stock

Annaly Capital Management Inc (NYSE:NLY) Director Scott Wede acquired 50,000 shares of the company’s stock in a transaction on Friday, November 6th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $940,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately $940,000. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Annaly Capital Management Trading Down 2.1%

Shares of NLY opened at $18.34 on Thursday. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.43 and a beta of 1.24. The firm’s fifty day simple moving average is $19.60 and its 200-day simple moving average is $21.75. Annaly Capital Management Inc has a twelve month low of $17.70 and a twelve month high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $637.41 million. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. On average, analysts predict that Annaly Capital Management Inc will post 3.13 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 16.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is currently 209.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NLY shares. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Weiss Ratings cut Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Wells Fargo & Company set a $22.00 price target on Annaly Capital Management and gave the company an “overweight” rating in a report on Thursday, October 22nd. Finally, BTIG Research set a $21.00 price target on shares of Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock worth $1,950,230,000 after purchasing an additional 5,485,296 shares during the last quarter. State Street Corp lifted its holdings in shares of Annaly Capital Management by 4.5% in the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock valued at $679,468,000 after purchasing an additional 1,272,235 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Annaly Capital Management by 8.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,537,956 shares of the real estate investment trust’s stock valued at $234,460,000 after purchasing an additional 1,001,289 shares during the period. KBC Group NV boosted its position in shares of Annaly Capital Management by 44.2% in the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after purchasing an additional 1,525,251 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Annaly Capital Management by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,962,690 shares of the real estate investment trust’s stock valued at $104,961,000 after purchasing an additional 248,335 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

About Annaly Capital Management

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights. The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.