Annaly Capital Management Inc. (NYSE:NLY)’s share price was down 1.6% during mid-day trading on Thursday . The stock traded as low as $11.06 and last traded at $11.07, with a volume of 3,222,559 shares trading hands. The stock had previously closed at $11.25.

Several equities analysts have recently issued reports on NLY shares. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Compass Point cut Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 target price on the stock. in a research note on Wednesday, June 15th. FBR & Co reissued a “buy” rating and set a $12.00 target price on shares of Annaly Capital Management in a research note on Friday, May 6th. JPMorgan Chase & Co. reissued a “hold” rating and set a $11.00 target price on shares of Annaly Capital Management in a research note on Friday, August 5th. Finally, Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Annaly Capital Management has a consensus rating of “Hold” and an average target price of $11.10.

The company’s market cap is $11.03 billion. The company has a 50 day moving average price of $10.93 and a 200-day moving average price of $10.50.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. During the same period in the prior year, the business earned $0.41 earnings per share. Equities analysts anticipate that Annaly Capital Management Inc. will post $1.20 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.83%. The ex-dividend date of this dividend was Tuesday, June 28th.

Other large investors have modified their holdings of the company. Bridgewater Associates LP raised its stake in shares of Annaly Capital Management by 499.1% in the fourth quarter. Bridgewater Associates LP now owns 257,000 shares of the company’s stock worth $2,411,000 after buying an additional 214,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of 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 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 in the last quarter. I.G. Investment Management LTD. raised its stake 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 in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake 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 in 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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