Annaly Capital Management Inc (NYSE:NLY) has tumbled 2.04% during the past week and has dropped 3.11% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.86%. Annaly Capital Management Inc (NYSE:NLY) has underperformed the index by 4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Annaly Capital Management Inc (NYSE:NLY): The stock opened at $10.66 on Friday but the bulls could not build on the opening and the stock topped out at $10.75 for the day. The stock traded down to $10.58 during the day, due to lack of any buying support eventually closed down at $10.58 with a loss of -0.66% for the day. The stock had closed at $10.65 on the previous day. The total traded volume was 18,742,915 shares.
The company shares have rallied 6.98% from its 1 Year high price. On May 13, 2016, the shares registered one year high at $11.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.74 and the 200 Day Moving Average price is recorded at $10.07.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Annaly Capital Management Inc, Denahan Wellington, had purchased 100,000 shares in a transaction dated on August 21, 2015. The transaction was executed at $10.33 per share with total amount equaling $1,033,000.
Many analysts have stated their opinion on the company shares. Brokerage firm Compass Point downgrades its rating on Annaly Capital Management Inc (NYSE:NLY). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 14, 2016. Currently the company Insiders own 0.47% of Annaly Capital Management Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.56% . Institutional Investors own 55.94% of Annaly Capital Management Inc shares. During last six month period, the net percent change held by insiders has seen a change of 42.56%.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.