Annaly Capital Management (NYSE:NLY) Director Scott Wede Acquires 50,000 Shares of Company Stock

Annaly Capital Management Inc (NYSE:NLY) Director Scott Wede purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $18.80 per share, with a total value of $940,000.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $940,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Annaly Capital Management Price Performance

Shares of NLY opened at $18.98 on Tuesday. The stock has a market capitalization of $14.96 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. Annaly Capital Management Inc has a 12-month low of $17.70 and a 12-month high of $24.52. The business’s fifty day moving average price is $19.77 and its 200 day moving average price is $21.80.

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

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 annualized dividend and a dividend yield of 15.8%. Annaly Capital Management’s dividend payout ratio is 209.79%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BTIG Research set a $21.00 price target on Annaly Capital Management and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Weiss Ratings lowered Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Barclays set a $21.00 price objective on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $19.50 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. One equities research 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Chaney Capital Management Inc. bought a new position in Annaly Capital Management in the 3rd quarter worth about $189,000. Virtus Advisers LLC raised its holdings in shares of Annaly Capital Management by 5.9% during the third quarter. Virtus Advisers LLC now owns 37,303 shares of the real estate investment trust’s stock valued at $705,000 after buying an additional 2,082 shares during the last quarter. Ibex Wealth Advisors raised its holdings in shares of Annaly Capital Management by 2.5% during the third quarter. Ibex Wealth Advisors now owns 708,598 shares of the real estate investment trust’s stock valued at $13,385,000 after buying an additional 17,509 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Annaly Capital Management by 0.4% during the third quarter. Aberdeen Group plc now owns 224,701 shares of the real estate investment trust’s stock valued at $4,245,000 after buying an additional 793 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Annaly Capital Management by 1.9% during the third quarter. Allworth Financial LP now owns 43,875 shares of the real estate investment trust’s stock worth $829,000 after buying an additional 799 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

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.

Founded in 1997, Annaly focuses primarily on the U.S.