Shares of Annaly Capital Management Inc. (NYSE:NLY) saw strong trading volume on Tuesday . 23,453,499 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 12,271,608 shares.The stock last traded at $10.85 and had previously closed at $10.89.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, June 30th. Compass Point downgraded shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 price objective for the company. in a research report on Wednesday, June 15th. FBR & Co reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 6th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Annaly Capital Management in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.87.

The firm has a market capitalization of $10.03 billion and a P/E ratio of 10850.00. The company has a 50-day moving average of $10.78 and a 200-day moving average of $10.25.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. During the same quarter in the prior year, the business posted $0.25 EPS. On average, analysts predict that Annaly Capital Management Inc. will post $1.20 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.02%. The ex-dividend date of this dividend is Tuesday, June 28th.

A number of large investors have added to or reduced their stakes in NLY. Andra AP fonden increased its stake in Annaly Capital Management by 12.6% in the fourth quarter. Andra AP fonden now owns 1,519,700 shares of the company’s stock worth $14,255,000 after buying an additional 170,500 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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 worth $1,099,000 after buying an additional 7,979 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Annaly Capital Management by 25.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 240,443 shares of the company’s stock worth $2,452,000 after buying an additional 48,415 shares during the last quarter. Reaves W H & Co. Inc. increased its stake in Annaly Capital Management by 36.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,684,150 shares of the company’s stock worth $15,797,000 after buying an additional 448,025 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in Annaly Capital Management by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,461,742 shares of the company’s stock worth $13,697,000 after buying an additional 5,037 shares during the last quarter.

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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