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

Posted by Defense World Staff on Oct 25th, 2023

Annaly Capital Management, Inc. (NYSE:NLY – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock investors bought 18,167 call options on the stock. This represents an increase of approximately 82% compared to the average daily volume of 9,990 call options.

Annaly Capital Management Price Performance

Shares of NLY opened at $15.67 on Wednesday. Annaly Capital Management has a 1-year low of $15.46 and a 1-year high of $24.43. The stock has a market cap of $7.74 billion, a PE ratio of -3.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $19.01 and a 200 day moving average price of $19.40.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 16.60%. Annaly Capital Management’s dividend payout ratio (DPR) is -62.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Pekin Hardy Strauss Inc. lifted its stake in shares of Annaly Capital Management by 5.0% during the second quarter. Pekin Hardy Strauss Inc. now owns 10,524 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 500 shares during the period. Equitable Holdings Inc. lifted its stake in shares of Annaly Capital Management by 3.1% during the fourth quarter. Equitable Holdings Inc. now owns 17,455 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 523 shares during the period. Beacon Financial Advisory LLC lifted its stake in shares of Annaly Capital Management by 3.5% during the second quarter. Beacon Financial Advisory LLC now owns 15,364 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 524 shares during the period. Integrated Wealth Concepts LLC raised its stake in Annaly Capital Management by 2.8% during the second quarter. Integrated Wealth Concepts LLC now owns 19,284 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 524 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in Annaly Capital Management by 3.1% during the first quarter. Perigon Wealth Management LLC now owns 17,793 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 533 shares during the period. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NLY. StockNews.com assumed coverage on Annaly Capital Management in a report on Thursday, October 5th. They set a “sell” rating for the company. Jonestrading reissued a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Tuesday, August 1st. Piper Sandler lifted their price target on shares of Annaly Capital Management from $21.50 to $22.00 in a research report on Friday, July 28th. Finally, UBS Group raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $22.29.

View Our Latest Report on Annaly Capital Management

Annaly Capital Management Company Profile

(Get Free Report)

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; residential mortgage loans; and agency or private label credit risk transfer securities.