Annaly Capital Management (NLY) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.29 EPS for the quarter. Analysts had a consensus estimate of $0.29. Analysts expectations of $279.54 million. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Annaly Capital Management. Compass Point Downgraded Annaly Capital Management on Jun 15, 2016 to ” Sell”, Price Target of the shares are set at $10.50.
Annaly Capital Management closed down -0.13 points or -1.18% at $10.93 with 61,03,421 shares getting traded on Tusday. Post opening the session at $11.04, the shares hit an intraday low of $10.89 and an intraday high of $11.0667 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 24, 2015, Wellington Denahan (CEO) purchased 100,000 shares at $10.33 per share price. According to the SEC, on Aug 18, 2015, Glenn Votek (CFO) purchased 25,000 shares at $10.36 per share price. On Aug 12, 2015, Kevin Brady (director) purchased 48,750 shares at $10.16 per share price, according to the Form-4 filing with the securities and exchange commission.
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.