Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 75,410,000 shares, a growth of 57.3% from the March 15th total of 47,930,000 shares. Based on an average daily volume of 24,570,000 shares, the short-interest ratio is currently 3.1 days.
Hedge funds have recently modified their holdings of the business. Kings Point Capital Management boosted its position in Annaly Capital Management by 101.9% during the third quarter. Kings Point Capital Management now owns 3,000 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,514 shares in the last quarter. TAP Consulting LLC purchased a new position in Annaly Capital Management during the fourth quarter worth approximately $25,000. Jacobi Capital Management LLC boosted its position in Annaly Capital Management by 181.8% during the third quarter. Jacobi Capital Management LLC now owns 3,100 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,000 shares in the last quarter. AlphaMark Advisors LLC boosted its position in Annaly Capital Management by 185.4% during the third quarter. AlphaMark Advisors LLC now owns 3,511 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 2,281 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Annaly Capital Management in the first quarter valued at approximately $30,000. Institutional investors own 42.96% of the company’s stock.
NLY has been the topic of a number of research reports. JMP Securities lowered Annaly Capital Management from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 8th. Piper Sandler cut their price objective on Annaly Capital Management from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 5th. Bank of America lowered Annaly Capital Management from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.75 to $7.25 in a report on Monday, February 14th. StockNews.com assumed coverage on Annaly Capital Management in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet downgraded Annaly Capital Management from a “b” rating to a “c+” rating in a research note on Wednesday, January 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.58.
Shares of NLY traded down $0.02 during mid-day trading on Friday, reaching $6.77. The company had a trading volume of 15,423,036 shares, compared to its average volume of 21,679,616. Annaly Capital Management has a 52-week low of $6.45 and a 52-week high of $9.64. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $9.89 billion, a P/E ratio of 4.20, a PEG ratio of 1.40 and a beta of 1.16. The stock has a 50 day moving average of $7.08 and a two-hundred day moving average of $7.84.
Annaly Capital Management (NYSE:NLY – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Annaly Capital Management had a return on equity of 14.60% and a net margin of 120.52%. During the same quarter in the prior year, the company earned $0.30 EPS. On average, sell-side analysts expect that Annaly Capital Management will post 0.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $0.88 dividend on an annualized basis and a yield of 13.00%. Annaly Capital Management’s dividend payout ratio is currently 54.66%.
About Annaly Capital Management (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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