Annaly Capital Management, Inc. (NYSE:NLY – Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 11,250,000 shares, a decrease of 22.6% from the February 13th total of 14,540,000 shares. Based on an average daily trading volume, of 7,610,000 shares, the short-interest ratio is presently 1.5 days. Currently, 2.0% of the company’s stock are sold short.
Annaly Capital Management Stock Performance
Shares of NYSE NLY traded up $0.09 during midday trading on Tuesday, hitting $21.93. 5,621,516 shares of the stock traded hands, compared to its average volume of 5,197,016. The firm has a 50-day moving average of $20.55 and a two-hundred day moving average of $19.99. The firm has a market capitalization of $12.68 billion, a P/E ratio of 13.79, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management has a one year low of $17.67 and a one year high of $22.11.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Equities analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
Hedge Funds Weigh In On Annaly Capital Management
A number of institutional investors have recently bought and sold shares of NLY. Avior Wealth Management LLC raised its holdings in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the period. Assetmark Inc. bought a new stake in Annaly Capital Management during the fourth quarter valued at about $31,000. Blue Trust Inc. raised its holdings in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares during the period. Larson Financial Group LLC raised its holdings in Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new stake in Annaly Capital Management during the fourth quarter valued at about $39,000. 51.56% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have commented on NLY shares. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.44.
Check Out Our Latest Research Report on NLY
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.
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