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

Posted by MarketBeat News on Aug 1st, 2022

Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 51,180,000 shares, a decrease of 22.0% from the June 30th total of 65,580,000 shares. Based on an average daily trading volume, of 34,140,000 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods raised Annaly Capital Management from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.25 to $6.75 in a research report on Wednesday, June 8th. Barclays decreased their target price on Annaly Capital Management from $8.00 to $7.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $7.50 to $6.50 and set an “overweight” rating for the company in a research report on Monday, April 25th. Credit Suisse Group decreased their target price on Annaly Capital Management to $6.50 in a research report on Friday, July 22nd. Finally, Piper Sandler decreased their target price on Annaly Capital Management from $6.50 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, June 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Hold” and a consensus target price of $6.67.

Annaly Capital Management Stock Performance

Shares of NLY opened at $6.88 on Monday. The business has a 50-day moving average of $6.28 and a 200 day moving average of $6.79. Annaly Capital Management has a fifty-two week low of $5.45 and a fifty-two week high of $8.94. The firm has a market cap of $10.05 billion, a P/E ratio of 3.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.12.

Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. Annaly Capital Management had a return on equity of 15.45% and a net margin of 141.90%. The company had revenue of $475.14 million during the quarter, compared to analyst estimates of $399.39 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 18.2% on a year-over-year basis. As a group, research analysts predict that Annaly Capital Management will post 0.97 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, June 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 12.79%. The ex-dividend date of this dividend was Wednesday, June 29th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 50.57%.

Insider Activity at Annaly Capital Management

In related news, CEO David L. Finkelstein purchased 200,000 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average cost of $5.56 per share, with a total value of $1,112,000.00. Following the transaction, the chief executive officer now owns 1,669,013 shares of the company’s stock, valued at approximately $9,279,712.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new position in Annaly Capital Management in the 1st quarter worth about $25,000. Hardy Reed LLC bought a new position in Annaly Capital Management in the 1st quarter worth about $27,000. SJS Investment Consulting Inc. bought a new position in Annaly Capital Management in the 1st quarter worth about $30,000. CWM LLC bought a new position in Annaly Capital Management in the 4th quarter worth about $31,000. Finally, Byrne Asset Management LLC bought a new position in Annaly Capital Management in the 4th quarter worth about $31,000. Institutional investors own 41.79% of the company’s stock.

Annaly Capital Management Company Profile

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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.