Annaly Capital Management Inc. (NYSE:NLY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.13 and last traded at $11.10, with a volume of 4,282,833 shares changing hands. The stock had previously closed at $11.02.

Several research analysts have issued reports on the company. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Compass Point cut Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 price target on the stock. in a report on Wednesday, June 15th. FBR & Co reaffirmed a “buy” rating and issued a $12.00 price target on shares of Annaly Capital Management in a report on Friday, May 6th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Annaly Capital Management in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.87.

The company’s 50-day moving average is $10.85 and its 200-day moving average is $10.41. The company has a market cap of $10.28 billion and a price-to-earnings ratio of 11110.00.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts predict that Annaly Capital Management Inc. will post $1.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.80%.

Other institutional investors have made changes to their positions in the company. Stephens Inc. AR boosted its position 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 last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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. I.G. Investment Management LTD. boosted its position in shares of 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 during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of 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.

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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