Annaly Capital Management Inc. (NYSE:NLY) shares were down 2.2% on Thursday . The company traded as low as $10.79 and last traded at $10.79, with a volume of 2,787,747 shares changing hands. The stock had previously closed at $11.03.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Compass Point cut shares of Annaly Capital Management from a “buy” rating to a “neutral” rating in a research note on Monday, March 14th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Annaly Capital Management in a research note on Wednesday, April 13th. Finally, FBR & Co reaffirmed a “buy” rating and set a $12.00 price objective on shares of Annaly Capital Management in a research note on Friday, May 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus price target of $10.87.

The company has a 50-day moving average of $10.78 and a 200 day moving average of $10.23. The company has a market cap of $9.98 billion and a PE ratio of 10790.00.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. During the same quarter in the previous year, the company earned $0.25 EPS. Equities research analysts anticipate that Annaly Capital Management Inc. will post $1.20 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.20 annualized dividend and a yield of 11.12%.

A number of institutional investors have bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Annaly Capital Management by 7.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 117,193 shares of the company’s stock valued at $1,099,000 after buying an additional 7,979 shares during the period. Stephens Inc. AR increased its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Stephens Inc. AR now owns 136,751 shares of the company’s stock worth $1,283,000 after buying an additional 4,543 shares during the period. Principal Financial Group Inc. increased its stake in shares of Annaly Capital Management by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 138,013 shares of the company’s stock worth $1,295,000 after buying an additional 1,507 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Annaly Capital Management by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 166,620 shares of the company’s stock worth $1,563,000 after buying an additional 1,000 shares during the period. Finally, Camelot Portfolios LLC increased its stake in shares of Annaly Capital Management by 0.5% in the fourth quarter. Camelot Portfolios LLC now owns 175,273 shares of the company’s stock worth $1,644,000 after buying an additional 941 shares during the period.

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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