Checchi Capital Advisers LLC decreased its position in Annaly Capital Management Inc (NYSE:NLY) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 19,782 shares of the real estate investment trust’s stock after selling 83 shares during the period. Checchi Capital Advisers LLC’s holdings in Annaly Capital Management were worth $238,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Annaly Capital Management by 5,238.7% in the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock worth $1,023,059,000 after buying an additional 90,359,815 shares during the last quarter. Vanguard Group Inc. raised its stake in Annaly Capital Management by 4.8% in the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock worth $917,603,000 after buying an additional 3,810,179 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Annaly Capital Management during the first quarter worth $41,814,000. Wells Fargo & Company MN raised its stake in Annaly Capital Management by 64.9% in the first quarter. Wells Fargo & Company MN now owns 8,423,524 shares of the real estate investment trust’s stock worth $93,585,000 after buying an additional 3,314,397 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Annaly Capital Management by 344.6% in the second quarter. Bank of Montreal Can now owns 3,943,022 shares of the real estate investment trust’s stock worth $47,514,000 after buying an additional 3,056,208 shares during the last quarter. Hedge funds and other institutional investors own 52.97% of the company’s stock.
Annaly Capital Management Inc (NLY) opened at 12.32 on Friday. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The firm has a 50-day moving average of $12.11 and a 200 day moving average of $11.57. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 4.26 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The company had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. During the same period in the previous year, the business earned $0.29 EPS. On average, analysts anticipate that Annaly Capital Management Inc will post $1.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.20 annualized dividend and a yield of 9.74%. Annaly Capital Management’s dividend payout ratio is presently 41.52%.
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NLY has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a research note on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.41.
In other news, Director Donnell Segalas purchased 17,700 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of $12.14 per share, for a total transaction of $214,878.00. Following the acquisition, the director now owns 84,150 shares of the company’s stock, valued at $1,021,581. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Francine J. Bovich purchased 13,500 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $12.29 per share, with a total value of $165,915.00. Following the completion of the acquisition, the director now directly owns 13,500 shares in the company, valued at approximately $165,915. The disclosure for this purchase can be found here. Insiders have acquired a total of 39,200 shares of company stock worth $477,513 over the last 90 days. 0.43% of the stock is owned by company insiders.
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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