Annaly Capital Management(NYSE:NLY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $304.36M. Analysts estimated a revenue of $278.03M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.30.
Annaly Capital Management (NLY) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.09% at a volume of 53,80,511. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.17. The peak price level was also seen at $11.17 while the days lowest was $11.06. Finally the shares closed at $11.08. The 52-week high of the shares is $11.29 while the 52-week low is $8.25. According to the latest information available, the market cap of the company is $11,031 M.
Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, Wellington Denahan (CEO) purchased 100,000 shares at $10.33 per share price.Also, 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.