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

NLY has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of Annaly Capital Management in a report on Wednesday, April 13th. Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. FBR & Co reissued a “buy” rating and issued a $12.00 price target on shares of Annaly Capital Management in a research note on Friday, May 6th. Compass Point cut shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 price target on the stock. in a research note on Wednesday, June 15th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a research note on Friday. 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 stock has an average rating of “Hold” and an average target price of $10.91.

The firm’s 50-day moving average is $10.86 and its 200 day moving average is $10.41. The stock has a market cap of $10.28 billion and a PE ratio of 11110.00.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts expect that Annaly Capital Management Inc. will post $1.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.80%. The ex-dividend date was Tuesday, June 28th.

Several large investors recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake 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 valued at $8,852,000 after buying an additional 615,396 shares during the period. Aberdeen Asset Management PLC UK boosted 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 valued at $2,452,000 after buying an additional 48,415 shares during the period. I.G. Investment Management LTD. boosted its stake 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 valued at $1,800,000 after buying an additional 43,479 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted 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 valued at $1,099,000 after buying an additional 7,979 shares during the period. Finally, Stephens Inc. AR boosted its stake in Annaly Capital Management by 3.4% in the fourth quarter. Stephens Inc. AR now owns 136,751 shares of the company’s stock valued at $1,283,000 after buying an additional 4,543 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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