Economy

Earnings Approximations to Watch: Annaly Capital Management, Inc. (NLY), Lennar Corporation (LEN)

The firm acquired 150,828 shares of the company's stock, valued at approximately $1,685,000. (NYSE:NLY). Georgia-based Voya Investment Mgmt Limited Liability Co has invested 0.01% in Annaly Capital Management, Inc. BlackRock Fund Advisors raised its position in shares of Annaly Capital Management by 17.1% in the second quarter.

The company said its earnings dropped to $337.19 million, or $0.31 per share.

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT).

Annaly Capital Management, Inc. has a current ratio of *tba, indicating whether the company's short-term assets (cash, cash equivalents, marketable securities, receivables and inventory) are readily obtainable to pay off its short-term liabilities. Currently, 232.45 million total shares are owned by the public and among those 209.42 million shares have been available to trade.

This stock (QCOM) is ahead of its 52-week low with 4.27%.

Company shares are trading at $11.46 which is just a bit below $12.19, the stock's 50 day moving average and which is a tad under the 200 day moving average of $12.07. On average, equities research analysts forecast that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year. Zacks Investment Research upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Tuesday, September 26th. 5,614,366 shares of the company were exchanged. The original version of this piece can be read at https://www.truebluetribune.com/2017/11/01/annaly-capital-management-inc-nly-issues-quarterly-earnings-results.html. The firm's 50-day moving average price is $12.19 and its 200 day moving average price is $12.07. Eli Lilly and Company (LLY) has a market cap of $90.54 billion and over the last 12 months, Eli Lilly and Company (NYSE:LLY) has gone stronger by 10.97%. Looking at the stock's movement on the chart, Annaly Capital Management, Inc. recorded a 52-week high of $12.73. The company had revenue of $315.15 million during the quarter, compared to the consensus estimate of $424.18 million. Over the last week of the month, it was -4.82%, -5.83% over the last quarter, and -0.61% for the past six months. They expect this year's earnings to rise 1.71% year-over-year to $1.19, followed by 2.52% growth in the next year to $1.22.

The company is now down from yesterday's close of $11.46. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.47%. The ex-dividend date was Thursday the 28th of September 2017.

Several analysts have commented on NLY shares. Ifc Holdings Incorporated/fl reduced its investment by selling 374 shares a decrease of 0.6% as of 09/30/2017.

Investors are a little more bullish on the company recently if you look at the downtick in short interest. ValuEngine cut Annaly Capital Management from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 26th. Brean Capital downgraded the stock to "Hold" rating in Tuesday, August 2 report. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 3.40, which implies that analysts are generally neutral in their outlook for NLY over the next year. The stock now has an average rating of "Hold" and an average price target of $11.06.

In related news, insider Timothy P. Coffey bought 30,000 shares of the company's stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $10.15 per share, for a total transaction of $304,500.00.

The PE ration is a market prospect ratio that calculates the market value of a stock relative to its earnings by comparing the market price per share by the earnings per share. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Francine J. Bovich purchased 13,500 shares of the business's stock in a transaction on Thursday, August 17th. Amica Retiree Med Tru owns 2,593 shares. The disclosure for this purchase can be found here.

Annaly Capital Management, Inc.is a mortgage real estate investment trust.



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