National Planning Corp raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,713 shares of the real estate investment trust’s stock after buying an additional 2,415 shares during the period. National Planning Corp’s holdings in Annaly Capital Management were worth $2,137,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. Teachers Advisors LLC raised its position in shares of Annaly Capital Management by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 1,867,876 shares of the real estate investment trust’s stock worth $18,623,000 after buying an additional 60,283 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Annaly Capital Management by 41.5% in the fourth quarter. Macquarie Group Ltd. now owns 227,000 shares of the real estate investment trust’s stock worth $2,263,000 after buying an additional 66,600 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Annaly Capital Management during the first quarter worth $123,000. Gulf International Bank UK Ltd raised its position in shares of Annaly Capital Management by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 312,207 shares of the real estate investment trust’s stock worth $3,468,000 after buying an additional 3,200 shares in the last quarter. Finally, National Pension Service raised its position in shares of Annaly Capital Management by 18,228.1% in the first quarter. National Pension Service now owns 995,765 shares of the real estate investment trust’s stock worth $11,063,000 after buying an additional 990,332 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.
Shares of Annaly Capital Management Inc (NYSE:NLY) opened at 12.27 on Friday. The stock has a 50 day moving average price of $12.13 and a 200-day moving average price of $11.49. The stock has a market cap of $13.35 billion, a P/E ratio of 4.24 and a beta of 0.28. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same quarter in the previous year, the firm posted $0.29 EPS. Equities analysts predict that Annaly Capital Management Inc will post $1.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 41.52%.
A number of brokerages have recently weighed in on NLY. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus target price of $11.36.
In related news, Director Donnell Segalas purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the transaction, the director now directly owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.
About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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