First Trust Advisors LP boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 20.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,667,056 shares of the real estate investment trust’s stock after buying an additional 458,292 shares during the quarter. First Trust Advisors LP owned approximately 0.25% of Annaly Capital Management worth $32,511,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in Annaly Capital Management by 12.5% in the 2nd 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 in the last quarter. MCF Advisors LLC boosted its stake in Annaly Capital Management by 2,903.2% in the 2nd 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 in the last quarter. Balentine LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at $114,000. Advisory Services Network LLC boosted its stake in Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 806 shares in the last quarter. Finally, Signet Financial Management LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at $126,000. 49.70% of the stock is currently owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NYSE NLY) opened at 11.56 on Tuesday. The firm has a 50-day moving average price of $12.22 and a 200-day moving average price of $12.08. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 4.00 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 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.29 EPS. On average, analysts expect that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is presently 41.52%.
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NLY has been the topic of several recent analyst reports. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, October 6th. BidaskClub lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.69.
In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of Annaly Capital Management stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the acquisition, the insider now owns 300,000 shares in the company, valued at approximately $3,747,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donnell Segalas bought 17,700 shares of Annaly Capital Management stock in a transaction on 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 in the company, valued at approximately $1,021,581. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 139,200 shares of company stock worth $1,726,513. Company insiders own 0.43% of the company’s stock.
Annaly Capital Management 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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