Annaly Capital Management Inc (NYSE:NLY) Short Interest Update

Annaly Capital Management Inc (NYSE:NLY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 20,015,708 shares, a growth of 53.0% from the December 15th total of 13,083,573 shares. Based on an average daily trading volume, of 8,825,795 shares, the short-interest ratio is presently 2.3 days. Currently, 2.9% of the company’s stock are sold short. Currently, 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 8,825,795 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NLY shares. Piper Sandler reissued an “overweight” rating and set a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a research report on Thursday. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, January 6th. Jones Trading reissued a “buy” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Thursday, October 23rd. Barclays set a $23.00 target price on Annaly Capital Management and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $22.81.

Institutional Trading of Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. purchased a new position in shares of Annaly Capital Management in the 2nd quarter valued at about $25,000. Delos Wealth Advisors LLC purchased a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $28,000. Evolution Wealth Management Inc. acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at approximately $34,000. Finally, MCF Advisors LLC lifted its position in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 2.3%

Shares of NLY traded up $0.55 during trading hours on Friday, reaching $24.38. 9,278,105 shares of the company traded hands, compared to its average volume of 8,953,335. The business has a fifty day moving average price of $22.61 and a 200-day moving average price of $21.43. The stock has a market capitalization of $16.65 billion, a P/E ratio of 11.29, a P/E/G ratio of 7.35 and a beta of 1.25. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $24.40.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $493.55 million. As a group, research analysts predict that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 11.5%. The ex-dividend date is Wednesday, December 31st. Annaly Capital Management’s payout ratio is presently 129.63%.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.