Economy

Most favored stocks of the day: Annaly Capital Management, Inc. (NLY)

(NYSE:NLY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has an average rating of "Hold" and a consensus price target of $11.69.

A number of analysts have recently issued reports on NLY shares. Keefe, Bruyette & Woods reissued a "hold" rating and set a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Also, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction dated Friday, September 1st. Wells Fargo & Company MN lifted its holdings in shares of Annaly Capital Management by 58.1% in the second quarter. (NYSE:NLY) closed its last session at $11.24. The stock was acquired at an average cost of $12.29 per share, with a total value of $165,915.00. Following the completion of the purchase, the insider now directly owns 300,000 shares in the company, valued at $3,747,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Following the transaction, the director now owns 13,500 shares of the company's stock, valued at $165,915. The disclosure for this purchase can be found here. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 52.5 Percent. Their activity in NLY in recent trading has also spurred interest in the stock. The Current Ratio for Annaly Capital Management, Inc.is valued at *tba giving investors the idea of the corporation's ability to pay back its liabilities (debts and accounts payables) via its existing assets (cash, marketable securities, inventory, accounts receivables). The shares price has positioned -9.36% down over the past quarter while it has directed -1.78% toward a falling position throughout past six months. Global X MANAGEMENT CO LLC boosted its holdings in shares of Annaly Capital Management by 5.8% during the 3rd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust's stock valued at $118,000 after buying an additional 806 shares in the last quarter. Advisory Services Network LLC increased its holdings in Annaly Capital Management by 9.0% in the second quarter.

In accordance with the terms of Annaly's 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), the Board of Directors of Annaly has declared a Series F Preferred Stock cash dividend for the fourth quarter of 2017 of $0.72396 per share of Series F Preferred Stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Annaly Capital Management in the first quarter worth about $41,814,000.

Annaly Capital Management, Inc. Janus Henderson Group PLC now owns 3,188,282 shares of the real estate investment trust's stock worth $38,418,000 after buying an additional 3,057,973 shares in the last quarter. ValuEngine lowered Annaly Capital Management from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 26th. If you are accessing this news story on another publication, it was stolen and reposted in violation of USA and worldwide copyright and trademark laws. (NYSE:NLY) has an average volume of 9.36 Million.

The stock has advanced 12.31% to a low over the previous 12 months and showed declining move -13.28% to a high over the same period. The company has a market cap of $13,021.67, a PE ratio of 9.28 and a beta of 0.23.

Diversified has a current market price of $11.23 with a change in price of -0.53%.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.29. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.85%.

The company has mean EPS estimate of 0.23 reported by 4 number of analyst for the quarter ending Current Qtr.(Sep2017). During the same period in the prior year, the firm posted $0.29 EPS. The original version of this piece can be accessed at https://stocknewstimes.com/2017/11/08/highstreet-asset-management-inc-grows-holdings-in-annaly-capital-management-inc-nly.html.

Dividends for the Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock are payable on December 29, 2017 to preferred shareholders of record as of December 1, 2017. This represents a $1.20 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date was Wednesday, September 28th. Annaly Capital Management's dividend payout ratio (DPR) is presently 48.00%. The financial metric shows Annaly Capital Management, Inc. This important financial metric allows investors to look deep inside the company's purchase decisions, approval and funding decisions for projects of various forms and the conventional investment decisions.



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