Candriam Luxembourg S.C.A. raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 22.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,674 shares of the real estate investment trust’s stock after buying an additional 35,428 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Annaly Capital Management were worth $2,310,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of NLY. North Star Investment Management Corp. raised its position in Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,028 shares during the period. MCF Advisors LLC boosted its position in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares during the last quarter. Tompkins Financial Corp purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $102,000. Cornerstone Wealth Management LLC purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $116,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $113,000. Institutional investors own 52.56% of the company’s stock.
Annaly Capital Management Inc (NYSE NLY) opened at 12.27 on Friday. The firm has a market capitalization of $13.35 billion, a PE ratio of 4.24 and a beta of 0.28. The firm has a 50 day moving average of $12.13 and a 200 day moving average of $11.49. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $315.15 million during 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 period in the prior year, the business posted $0.29 EPS. Equities analysts forecast that Annaly Capital Management Inc will post $1.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.78%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 41.52%.
Several research analysts have commented on NLY shares. BidaskClub cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Annaly Capital Management has a consensus rating of “Hold” and an average target price of $11.36.
In related news, Director Donnell Segalas purchased 8,000 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now directly owns 84,150 shares in the company, valued at approximately $1,017,373.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.
Annaly Capital Management Company Profile
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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