Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 47,277 call options on the stock. This represents an increase of approximately 428% compared to the average volume of 8,955 call options.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, Barclays started coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.44.
Check Out Our Latest Stock Analysis on NLY
Annaly Capital Management Price Performance
Shares of NYSE NLY traded down $0.15 during mid-day trading on Tuesday, reaching $20.17. The company's stock had a trading volume of 3,342,950 shares, compared to its average volume of 7,693,397. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $22.11. The stock has a fifty day moving average of $21.01 and a two-hundred day moving average of $20.06. The firm has a market capitalization of $11.66 billion, a PE ratio of 12.68, a P/E/G ratio of 4.89 and a beta of 1.53.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.89%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently 176.10%.
Institutional Trading of Annaly Capital Management
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Annaly Capital Management by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after buying an additional 8,272,674 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock worth $332,665,000 after acquiring an additional 109,655 shares during the last quarter. State Street Corp raised its holdings in shares of Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock worth $360,296,000 after acquiring an additional 223,294 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after acquiring an additional 814,917 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.
Annaly Capital Management Company Profile
(
Get Free Report)
Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.
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