ANNALY CAP MGMT/SH (NYSE:NLY) Downgraded to Sell at ValuEngine

ValuEngine cut shares of ANNALY CAP MGMT/SH (NYSE:NLY) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an overweight rating on the stock in a report on Wednesday, July 24th. UBS Group began coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They issued a buy rating and a $9.50 target price on the stock. Finally, Zacks Investment Research raised shares of 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 report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ANNALY CAP MGMT/SH presently has an average rating of Buy and a consensus price target of $10.67.

Shares of NLY traded up $0.03 during mid-day trading on Thursday, hitting $9.42. 15,680,010 shares of the company’s stock were exchanged, compared to its average volume of 10,535,217. The company has a market capitalization of $13.91 billion, a P/E ratio of 7.85 and a beta of 0.39. ANNALY CAP MGMT/SH has a fifty-two week low of $8.74 and a fifty-two week high of $10.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50-day moving average of $9.28.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $177.38 million during the quarter, compared to analyst estimates of $402.00 million. ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.14%. During the same period last year, the business earned $0.30 EPS. As a group, research analysts predict that ANNALY CAP MGMT/SH will post 1.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 10.62%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is 100.00%.

In related news, CEO Kevin Keyes purchased 300,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $9.62 per share, for a total transaction of $2,886,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,284,779 shares of the company’s stock, valued at approximately $12,359,573.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO David L. Finkelstein purchased 100,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $9.56 per share, for a total transaction of $956,000.00. Following the completion of the purchase, the executive now directly owns 400,000 shares of the company’s stock, valued at $3,824,000. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 482,780 shares of company stock worth $4,629,037. 0.34% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in NLY. Semmax Financial Advisors Inc. grew its position in shares of ANNALY CAP MGMT/SH by 33.1% during the first quarter. Semmax Financial Advisors Inc. now owns 55,752 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 13,849 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of ANNALY CAP MGMT/SH by 5.6% during the first quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock worth $1,164,000 after acquiring an additional 6,133 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in shares of ANNALY CAP MGMT/SH by 15.6% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 116,179 shares of the real estate investment trust’s stock worth $1,160,000 after acquiring an additional 15,696 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of ANNALY CAP MGMT/SH during the first quarter worth approximately $108,000. Finally, NumerixS Investment Technologies Inc grew its position in shares of ANNALY CAP MGMT/SH by 126.7% during the first quarter. NumerixS Investment Technologies Inc now owns 234,200 shares of the real estate investment trust’s stock worth $2,356,000 after acquiring an additional 130,900 shares during the last quarter. Institutional investors own 56.88% of the company’s stock.

ANNALY CAP MGMT/SH Company Profile

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.

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Analyst Recommendations for ANNALY CAP MGMT/SH (NYSE:NLY)

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