Annaly Capital Management (NLY) Getting Somewhat Positive Media Coverage, Accern Reports
News articles about Annaly Capital Management (NYSE:NLY) have trended somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Annaly Capital Management earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.9930391726803 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- You can’t brush off the outlook: Annaly Capital Management, Inc. (NLY), Synchrony Financial (SYF) – Market Movers (financialqz.com)
- Annaly Capital Management, Inc. (NYSE: NLY) – Technical Snapshots for Investors – Alpha Beta Stock (alphabetastock.com)
- Some hot names on Wall Street: JetBlue Airways Corporation (JBLU), Annaly Capital Management, Inc. (NLY) – Market Movers (financialqz.com)
- Seeking New Shareholders Who Don’t Care About Fundamentals – Seeking Alpha (seekingalpha.com)
- Investors Buy Large Volume of Annaly Capital Management Put Options (NLY) (americanbankingnews.com)
Shares of Annaly Capital Management (NYSE NLY) traded up $0.04 during trading hours on Thursday, hitting $11.99. 8,181,107 shares of the company were exchanged, compared to its average volume of 8,502,471. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 12-month low of $9.83 and a 12-month high of $12.73. The company has a market capitalization of $13,890.00, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.29 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm had revenue of $353.61 million during the quarter, compared to analyst estimates of $361.67 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. Annaly Capital Management’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts anticipate that Annaly Capital Management will post 1.2 EPS for the current year.
A number of research firms have weighed in on NLY. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, September 26th. ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.77.
In related news, CEO Kevin Keyes bought 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Glenn Votek bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 334,800 shares of company stock valued at $3,740,382. 0.43% of the stock is owned by company insiders.
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About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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