Annaly Capital Management, Inc. (NYSE:NLY) CEO David L. Finkelstein Purchases 200,000 Shares

Annaly Capital Management, Inc. (NYSE:NLYGet Rating) CEO David L. Finkelstein acquired 200,000 shares of the company’s stock in a transaction dated Friday, June 17th. The stock was purchased at an average cost of $5.56 per share, with a total value of $1,112,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,669,013 shares of the company’s stock, valued at approximately $9,279,712.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:NLY traded up $0.23 on Friday, hitting $5.71. 61,213,719 shares of the company’s stock were exchanged, compared to its average volume of 29,098,307. The firm’s 50-day moving average is $6.52 and its 200 day moving average is $7.22. The company has a market capitalization of $8.34 billion, a PE ratio of 3.15, a P/E/G ratio of 1.19 and a beta of 1.14. Annaly Capital Management, Inc. has a 1-year low of $5.45 and a 1-year high of $9.27.

Annaly Capital Management (NYSE:NLYGet Rating) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Annaly Capital Management had a return on equity of 15.45% and a net margin of 141.90%. During the same period in the previous year, the firm posted $0.29 earnings per share. Equities analysts predict that Annaly Capital Management, Inc. will post 0.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, June 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 15.41%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 50.57%.

NLY has been the subject of a number of research reports. Piper Sandler dropped their price objective on Annaly Capital Management from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 5th. Barclays lowered their target price on Annaly Capital Management from $8.00 to $7.00 in a research note on Wednesday, April 27th. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $6.25 to $6.75 in a report on Wednesday, June 8th. StockNews.com started coverage on Annaly Capital Management in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating on the stock in a report on Monday, April 25th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.29.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TAP Consulting LLC purchased a new stake in Annaly Capital Management during the 4th quarter valued at approximately $25,000. Riverview Trust Co purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $25,000. Hardy Reed LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $27,000. SJS Investment Consulting Inc. purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $30,000. Finally, Marshall Wace LLP purchased a new stake in Annaly Capital Management during the 1st quarter valued at approximately $30,000. 41.79% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Company Profile (Get Rating)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.

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