Annaly Capital Management targets unusually high options trading (NYSE: NLY)

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Annaly Capital Management, Inc. (NYSE: NLY – Get a rating) saw unusually large options trades on Monday. Equity investors bought 17,600 put options on the company. This represents an increase of approximately 51% over the average volume of 11,621 puts.

Insider Trading at Annaly Capital Management

In other news, CEO David L. Finkelstein bought 200,000 shares of the company in a transaction that took place on Friday, June 17. The shares were purchased at an average cost of $5.56 per share, for a total transaction of $1,112,000.00. Following the completion of the purchase, the CEO now owns 1,669,013 shares of the company, valued at $9,279,712.28. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. Insiders own 0.31% of the shares of the company.

Hedge funds weigh on Annaly Capital Management

A number of institutional investors and hedge funds have been buying and selling shares of NLY recently. Riverview Trust Co acquired a new stake in Annaly Capital Management during Q1 valued at $25,000. Hardy Reed LLC purchased a new stake in Annaly Capital Management during Q1 for $27,000. Byrne Asset Management LLC purchased a new equity stake from Annaly Capital Management in Q4 for $31,000. CWM LLC bought a new position in shares of Annaly Capital Management in the 4th quarter for a value of approximately $31,000. Finally, SJS Investment Consulting Inc. bought a new position in Annaly Capital Management in the first quarter worth $30,000. Institutional investors hold 41.79% of the company’s shares.

Annaly Capital Management stock down 2.2%

Shares of Annaly Capital Management were down $0.15 on Monday, hitting $6.54. 1,007,708 shares were traded, against an average volume of 28,618,924. The company has a 50-day moving average price of $6.32 and a two-hundred-day moving average price of $6.67. The company has a market capitalization of $10.62 billion, a price-earnings ratio of 2.65, a PEG ratio of 1.24 and a beta of 1.16. Annaly Capital Management has a 12-month low of $5.45 and a 12-month high of $8.94.

Annaly Capital Management (NYSE: NLY – Get a rating) last reported quarterly earnings data on Wednesday, July 27. The real estate investment trust reported earnings per share of $0.30 for the quarter, beating consensus analyst estimates of $0.25 by $0.05. The company posted revenue of $475.14 million for the quarter, versus analyst estimates of $399.39 million. Annaly Capital Management achieved a return on equity of 16.72% and a net margin of 178.91%. The company’s revenue for the quarter was down 18.2% from the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.30. Research analysts expect Annaly Capital Management to post EPS of 1.08 for the current year.

Annual Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Thursday, June 30 received a dividend of $0.22. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 13.46%. The ex-dividend date was Wednesday, June 29. The payout ratio of Annaly Capital Management is 34.92%.

Analyst upgrades and downgrades

NLY has been the subject of several analyst reports. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a “market performance” rating to an “outperform” rating and raised its price target for the company from $6.25 to $6.75 in a Wednesday, June 8 research report. Credit Suisse Group lowered its price target on shares of Annaly Capital Management to $6.50 in a Friday, July 22 report. Barclays cut its price target on shares of Annaly Capital Management from $8.00 to $7.00 in a Wednesday April 27 research note. Piper Sandler lowered her price target on shares of Annaly Capital Management from $6.50 to $6.00 and set a “neutral” rating on the stock in a Tuesday, June 28 report. Finally, JPMorgan Chase & Co. lowered its price target on Annaly Capital Management shares from $7.50 to $6.50 and set an “overweight” rating for the company in a Monday research report. April 25. Five investment analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.67.

About Annaly Capital Management

(Get a rating)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage financing and middle market business lending. The Company invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgages, transfer securities credit risk, corporate debt and other commercial real estate investments.

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