Donnell Segalas Acquires 8,000 Shares of Annaly Capital Management Inc (NLY) Stock
Annaly Capital Management Inc (NYSE:NLY) Director Donnell Segalas bought 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $12.09 per share, with a total value of $96,720.00. Following the completion of the acquisition, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Donnell Segalas also recently made the following trade(s):
- On Tuesday, August 8th, Donnell Segalas purchased 17,700 shares of Annaly Capital Management stock. The stock was bought at an average price of $12.14 per share, with a total value of $214,878.00.
Annaly Capital Management Inc (NYSE NLY) traded up 1.40% during mid-day trading on Wednesday, hitting $12.35. The stock had a trading volume of 11,383,877 shares. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The company has a market cap of $12.58 billion, a PE ratio of 4.27 and a beta of 0.28. The firm’s 50-day moving average price is $12.15 and its 200 day moving average price is $11.43.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The firm had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. During the same quarter in the prior year, the company earned $0.29 EPS. On average, equities research analysts anticipate that Annaly Capital Management Inc will post $1.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in Annaly Capital Management by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 1,867,876 shares of the real estate investment trust’s stock worth $18,623,000 after buying an additional 60,283 shares during the last quarter. Sei Investments Co. increased its position in shares of Annaly Capital Management by 1,803.0% in the first quarter. Sei Investments Co. now owns 80,345 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 76,123 shares during the period. Wesbanco Bank Inc. increased its position in shares of Annaly Capital Management by 1.1% in the first quarter. Wesbanco Bank Inc. now owns 41,626 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 439 shares during the period. Rafferty Asset Management LLC increased its position in shares of Annaly Capital Management by 260.5% in the first quarter. Rafferty Asset Management LLC now owns 184,599 shares of the real estate investment trust’s stock valued at $2,051,000 after buying an additional 133,396 shares during the period. Finally, Credit Suisse AG increased its position in shares of Annaly Capital Management by 9.6% in the first quarter. Credit Suisse AG now owns 2,315,770 shares of the real estate investment trust’s stock valued at $25,728,000 after buying an additional 203,782 shares during the period. Institutional investors and hedge funds own 52.56% of the company’s stock.
NLY has been the subject of a number of analyst reports. BidaskClub downgraded Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus price target of $11.36.
About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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