Annaly Capital Management (NLY) Receiving Somewhat Positive Media Coverage, Accern Reports
Press coverage about Annaly Capital Management (NYSE:NLY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Annaly Capital Management earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.5959184672257 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Head to Head Review: Annaly Capital Management (NLY) vs. Its Rivals (americanbankingnews.com)
- Annaly Capital Management Inc (NYSE: NLY) – Hair-Raising Facts to Know – Alpha Beta Stock (alphabetastock.com)
- Annaly Capital Management, Inc. Expands Board with Election of … – Business Wire (press release) (businesswire.com)
- Annaly Capital Management Inc. Announces 52% Decline In Q3 Earnings – Nasdaq (nasdaq.com)
- Real Estate Stocks: Is Now The Time To Buy Annaly Capital Management Inc (NLY)? (finance.yahoo.com)
Annaly Capital Management (NLY) opened at $11.23 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $13.02 billion, a PE ratio of 9.33 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.85%. Annaly Capital Management’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. sell-side analysts forecast that Annaly Capital Management will post 1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 10.69%. Annaly Capital Management’s dividend payout ratio is presently 48.00%.
A number of research firms have commented on NLY. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Annaly Capital Management has a consensus rating of “Hold” and an average price target of $11.69.
In other news, Director Donnell Segalas acquired 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the transaction, the director now directly owns 84,150 shares in the company, valued at approximately $1,017,373.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francine J. Bovich acquired 13,500 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the transaction, the director now owns 13,500 shares in the company, valued at $165,915. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 139,200 shares of company stock worth $1,726,513. 0.43% of the stock is currently owned by insiders.
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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