# Acquisition of Annaly Capital Management
Scientech Research LLC’s recent acquisition of 15,008 shares of Annaly Capital Management, Inc. represents a significant move in the real estate investment trust sector.
Get Annaly Capital Management alerts: Analyst Upgrades and Downgrades Several equities research analysts have recently commented on the company. StockNews.com cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Janney Montgomery Scott assumed coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus target price of $21.38.
CEO’s Stock Sale: A Detailed Look
In a significant financial move, CEO David L. Finkelstein sold 50,000 shares of the company’s stock.
This figure surpassed the consensus estimate of $0.67 EPS. The company’s revenue for the quarter was $1.2 billion, which was slightly below the expected $1.21 billion. Analyze the performance of Annaly Capital Management in the context of the broader real estate investment trust (REIT) market.
This is a significant figure, indicating that the company is distributing a substantial portion of its earnings as dividends. The company’s dividend yield is 1.7%, which is relatively low compared to the industry average. However, the company’s strong financial position and consistent dividend payments make it an attractive investment for income-focused investors.
Annaly Capital Management, Inc. reported a net loss of $0.02 per share in the fourth quarter of 2023, compared to a net loss of $0.01 per share in the same quarter of the previous year. The company’s revenue decreased by 10% year-over-year, reaching $1.2 billion.
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