Insiders purchase Annaly Capital Management
Real estate investment trust Annaly Capital Management (NLY) is dropping hints to the industry, considering the firm's own employees are upping their ownership levels. Despite the stock falling nearly 35% in the past year, Seeking Alpha says the firm's insiders seem, well, confident:
There have been three different insiders buying Annaly Capital Management and there have not been any insiders selling Annaly Capital Management during the last 30 days. Two out of these three insiders increased their holdings by more than 10%. Annaly has an insider ownership of 0.20%. There are three analyst buy ratings, 14 neutral ratings and two sell ratings with an average target price of $12.28. Annaly has a book value of $13.03 per share and the stock has a dividend yield of 14.63%. The stock is currently trading below the book value, which could be a good entry point for the stock.