A Director at Annaly Capital Management, Inc. (NYSE: NLY) is Buying Shares

Yesterday, a Director at Annaly Capital Management, Inc. (NYSE: NLY), Kevin Brady, bought shares of NLY for $495.3k.

Brady increased his holding by 50.18%. Following Brady’s last NLY Buy transaction on August 22, 2013, the stock climbed by 1.3%.

Based on Annaly Capital`s latest earnings report from June 30, the company posted quarterly revenue of $1.08B and quarterly net profit of $900.2M. In comparison, last year the company earned revenue of $-158.1M and had a GAAP net loss of $335.5M. NLY’s market cap is $9.54B and the company has a P/E ratio of 276.9%. Currently, Annaly Capital has an average volume of 16.06M.

Eight different firms, including Compass Point and Credit Suisse, currently also have a Buy rating on the stock.

Looking at blogger coverage of NLY, there is a 89% Bullish tendency on the stock, in relation to a 69% average bullish tendency within the Financial sector.

Annaly Capital Management Inc is a mortgage REIT company. The Company owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures & other securities.