David L. Finkelstein Acquires 100,000 Shares of ANNALY CAP MGMT/SH (NLY) Stock

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ANNALY CAP MGMT/SH (NYSE:NLY) CIO David L. Finkelstein acquired 100,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $9.56 per share, for a total transaction of $956,000.00. Following the acquisition, the executive now directly owns 400,000 shares in the company, valued at $3,824,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE NLY opened at $9.53 on Thursday. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 7.94 and a beta of 0.24. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a 52 week low of $9.50 and a 52 week high of $10.78.

ANNALY CAP MGMT/SH (NYSE:NLY) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $218.49 million for the quarter, compared to analysts’ expectations of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The business’s quarterly revenue was down 57.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, equities analysts expect that ANNALY CAP MGMT/SH will post 1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 12.59%. The ex-dividend date of this dividend was Thursday, March 28th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dana Investment Advisors Inc. bought a new stake in ANNALY CAP MGMT/SH in the 1st quarter valued at approximately $224,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of ANNALY CAP MGMT/SH by 9.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 489,034 shares of the real estate investment trust’s stock worth $4,886,000 after purchasing an additional 44,026 shares in the last quarter. Morgan Stanley raised its stake in shares of ANNALY CAP MGMT/SH by 15.4% during the 1st quarter. Morgan Stanley now owns 4,689,079 shares of the real estate investment trust’s stock worth $46,843,000 after purchasing an additional 627,247 shares in the last quarter. Arbor Wealth Management LLC raised its stake in shares of ANNALY CAP MGMT/SH by 53.8% during the 1st quarter. Arbor Wealth Management LLC now owns 284,263 shares of the real estate investment trust’s stock worth $2,840,000 after purchasing an additional 99,495 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of ANNALY CAP MGMT/SH by 100.9% during the 1st quarter. Macquarie Group Ltd. now owns 558,087 shares of the real estate investment trust’s stock worth $5,576,000 after purchasing an additional 280,347 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

NLY has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $10.50 in a report on Wednesday, January 16th. Barclays set a $11.00 price objective on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. Nomura began coverage on ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They set a “buy” rating and a $11.00 price objective on the stock. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, April 24th. Finally, ValuEngine cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $11.00.

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About ANNALY CAP MGMT/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

Further Reading: Return on Investment (ROI) Defined, Explained

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