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

Annaly Capital Management Inc (NYSE:NLY) Director Scott Wede bought 50,000 shares of the business’s stock in a transaction on Friday, November 6th. The stock was bought at an average price of $18.80 per share, for a total transaction of $940,000.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $940,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded up $0.23 during trading on Monday, hitting $18.98. 7,936,194 shares of the stock were exchanged, compared to its average volume of 8,538,092. The stock’s fifty day moving average is $19.86 and its 200 day moving average is $21.83. The stock has a market cap of $14.96 billion, a PE ratio of 13.28, a P/E/G ratio of 1.43 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.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $1.93 billion for 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%. Sell-side analysts anticipate that Annaly Capital Management Inc will post 3.13 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

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

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. Markowski Investments bought a new stake in shares of Annaly Capital Management during the 2nd quarter worth about $37,000. Jacobi Capital Management LLC bought a new position in shares of Annaly Capital Management in the third quarter valued at approximately $39,000. Fourth Dimension Wealth LLC boosted its holdings in shares of Annaly Capital Management by 30.3% in the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 500 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Annaly Capital Management by 42.6% in the first quarter. Bessemer Group Inc. now owns 3,699 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,105 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. increased its stake in shares of Annaly Capital Management by 435.9% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 4,175 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 3,396 shares during the period. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NLY shares. Piper Sandler cut their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. JonesTrading decreased their price objective on Annaly Capital Management from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Royal Bank Of Canada set a $21.00 price objective on Annaly Capital Management and gave the stock an “outperform” rating in a report on Thursday, October 22nd. BTIG Research set a $21.00 target price on Annaly Capital Management and gave the company a “buy” rating in a research report on Tuesday, October 6th. Finally, Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.67.

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.