Annaly Capital Management (NYSE:NLY) Shares Gap Down to $20.66

Annaly Capital Management, Inc. (NYSE:NLY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $20.66, but opened at $19.97. Annaly Capital Management shares last traded at $20.00, with a volume of 1,001,442 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Compass Point boosted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Annaly Capital Management Stock Performance

The firm has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $19.72. The company has a market capitalization of $10.02 billion, a P/E ratio of -21.30 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the prior year, the business posted $0.72 earnings per share. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.99%. The ex-dividend date is Monday, September 30th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Insider Buying and Selling at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the completion of the sale, the chief executive officer now directly owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Core Wealth Advisors Inc. increased its stake in shares of Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Rise Advisors LLC acquired a new position in Annaly Capital Management during the 1st quarter valued at about $29,000. Quarry LP acquired a new position in Annaly Capital Management during the 2nd quarter valued at about $36,000. Register Financial Advisors LLC bought a new position in shares of Annaly Capital Management in the 1st quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,076 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.