Investors Sell Shares of Annaly Capital Management Inc. (NLY) on Strength (NLY)
Traders sold shares of Annaly Capital Management Inc. (NYSE:NLY) on strength during trading on Monday. $16.12 million flowed into the stock on the tick-up and $53.95 million flowed out of the stock on the tick-down, for a money net flow of $37.83 million out of the stock. Of all stocks tracked, Annaly Capital Management had the 0th highest net out-flow for the day. Annaly Capital Management traded up $0.10 for the day and closed at $10.89
A number of analysts have recently commented on NLY shares. Compass Point cut Annaly Capital Management from a “buy” rating to a “neutral” rating in a research report on Monday, March 14th. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, March 15th. Deutsche Bank AG reiterated a “hold” rating on shares of Annaly Capital Management in a research report on Wednesday, April 13th. Finally, FBR & Co reiterated a “buy” rating and set a $12.00 target price on shares of Annaly Capital Management in a research report on Friday, May 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Annaly Capital Management presently has an average rating of “Hold” and an average target price of $10.87.
The firm’s 50 day moving average price is $10.78 and its 200 day moving average price is $10.24. The firm has a market cap of $10.07 billion and a P/E ratio of 10890.00.
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 firm earned $0.25 EPS. On average, equities research analysts forecast that Annaly Capital Management Inc. will post $1.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be issued 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 institutional investors have recently bought and sold shares of NLY. BNP Paribas Arbitrage SA raised its position in Annaly Capital Management by 187.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 943,684 shares of the company’s stock worth $8,852,000 after buying an additional 615,396 shares in the last quarter. Stephens Inc. AR raised its position in 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 in the last quarter. I.G. Investment Management LTD. raised its position in Annaly Capital Management by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 191,882 shares of the company’s stock worth $1,800,000 after buying an additional 43,479 shares in the last quarter. Meridian Investment Counsel Inc. raised its position in Annaly Capital Management by 0.3% in the fourth quarter. Meridian Investment Counsel Inc. now owns 190,625 shares of the company’s stock worth $1,788,000 after buying an additional 600 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Annaly Capital Management during the fourth quarter worth approximately $2,326,000.
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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