Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders bought 79,564 call options on the company. This is an increase of 1,111% compared to the average daily volume of 6,571 call options.
Hedge Funds Weigh In On Annaly Capital Management
A number of large investors have recently modified their holdings of NLY. Jupiter Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares in the last quarter. Proffitt & Goodson Inc. increased its stake in shares of Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after buying an additional 505 shares during the period. Cannell & Spears LLC increased its stake in shares of Annaly Capital Management by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock valued at $755,000 after buying an additional 518 shares during the period. LVZ Inc. lifted its stake in shares of Annaly Capital Management by 2.7% during the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 521 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 549 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price for the company. 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 research report on Friday, January 31st. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average target price of $21.44.
View Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Trading Up 1.1 %
NYSE NLY traded up $0.24 during trading hours on Friday, reaching $21.97. 13,502,116 shares of the company's stock were exchanged, compared to its average volume of 7,504,338. The firm has a fifty day moving average of $19.89 and a 200-day moving average of $19.86. Annaly Capital Management has a one year low of $17.67 and a one year high of $22.05. The stock has a market cap of $12.70 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS 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%. As a group, research analysts forecast that Annaly Capital Management will post 2.81 EPS for the current year.
Annaly Capital Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 11.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's payout ratio is presently 163.52%.
About Annaly Capital Management
(
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.
See Also
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
