Stock Traders Purchase Large Volume of Call Options on Annaly Capital Management (NYSE:NLY)

Annaly Capital Management, Inc. (NYSE:NLYGet Rating) saw unusually large options trading on Wednesday. Stock traders bought 83,588 call options on the stock. This is an increase of approximately 708% compared to the average volume of 10,339 call options.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Credit Suisse Group dropped their target price on Annaly Capital Management to $6.50 in a report on Friday, July 22nd. Piper Sandler dropped their target price on Annaly Capital Management from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods raised Annaly Capital Management from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $6.25 to $6.75 in a report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.67.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein purchased 200,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were bought at an average price of $5.56 per share, with a total value of $1,112,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares in the company, valued at approximately $9,279,712.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Annaly Capital Management

A number of institutional investors have recently modified their holdings of NLY. Riverview Trust Co purchased a new stake in Annaly Capital Management during the first quarter worth $25,000. CoreCap Advisors LLC purchased a new stake in Annaly Capital Management during the second quarter worth $26,000. Hardy Reed LLC acquired a new position in shares of Annaly Capital Management in the first quarter worth $27,000. JFS Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management in the second quarter worth $27,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Annaly Capital Management in the first quarter worth $30,000. 45.99% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $6.41 on Thursday. Annaly Capital Management has a 1-year low of $5.45 and a 1-year high of $8.94. The company has a market cap of $10.41 billion, a PE ratio of 2.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16. The stock’s 50 day moving average price is $6.51 and its 200 day moving average price is $6.59.

Annaly Capital Management shares are scheduled to reverse split before the market opens on Monday, September 26th. The 1-4 reverse split was announced on Monday, September 26th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 26th.

Annaly Capital Management (NYSE:NLYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Annaly Capital Management had a return on equity of 16.72% and a net margin of 178.91%. The firm had revenue of $475.14 million for the quarter, compared to the consensus estimate of $399.39 million. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was down 18.2% compared to the same quarter last year. On average, equities research analysts anticipate that Annaly Capital Management will post 1.08 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.88 dividend. The ex-dividend date is Thursday, September 29th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.22. This represents a $3.52 dividend on an annualized basis and a dividend yield of 54.91%. Annaly Capital Management’s payout ratio is 34.92%.

About Annaly Capital Management

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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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