Annaly Capital Management Inc. (NYSE:NLY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 24,634,793 shares, a decrease of 12.7% from the September 15th total of 28,209,834 shares. Based on an average daily trading volume, of 8,633,101 shares, the short-interest ratio is currently 2.9 days. Approximately 2.5% of the shares of the company are sold short.
Large investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its stake in Annaly Capital Management by 14.2% in the first quarter. Glenmede Trust Co. NA now owns 31,443 shares of the company’s stock worth $321,000 after buying an additional 3,900 shares during the period. Ngam Advisors L.P. boosted its stake in Annaly Capital Management by 43.0% in the first quarter. Ngam Advisors L.P. now owns 113,259 shares of the company’s stock worth $1,163,000 after buying an additional 34,075 shares during the period. Teachers Advisors Inc. boosted its stake in Annaly Capital Management by 7.8% in the first quarter. Teachers Advisors Inc. now owns 1,534,760 shares of the company’s stock worth $15,747,000 after buying an additional 111,066 shares during the period. BlackRock Inc. boosted its stake in Annaly Capital Management by 2.8% in the first quarter. BlackRock Inc. now owns 1,311,618 shares of the company’s stock worth $13,458,000 after buying an additional 35,346 shares during the period. Finally, M&T Bank Corp boosted its stake in Annaly Capital Management by 6.1% in the first quarter. M&T Bank Corp now owns 192,815 shares of the company’s stock worth $1,979,000 after buying an additional 11,007 shares during the period. 54.13% of the stock is currently owned by institutional investors.
Shares of Annaly Capital Management (NYSE:NLY) opened at 10.10 on Tuesday. Annaly Capital Management has a one year low of $8.25 and a one year high of $11.29. The firm’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.68. The firm’s market cap is $10.05 billion.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts expect that Annaly Capital Management will post $1.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be issued a dividend of $0.2641 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.46%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -83.46%.
A number of equities analysts have recently issued reports on the company. 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. Zacks Investment Research downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG reissued a “hold” rating and set a $11.50 target price on shares of Annaly Capital Management in a research note on Friday, September 9th. Keefe, Bruyette & Woods increased their target price 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. Finally, Deutsche Bank AG upped their price target on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Annaly Capital Management has a consensus rating of “Hold” and an average target price of $11.00.
About Annaly Capital Management
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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