National Planning Corp trimmed its holdings in Annaly Capital Management Inc (NYSE:NLY) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,989 shares of the real estate investment trust’s stock after selling 19,724 shares during the quarter. National Planning Corp’s holdings in Annaly Capital Management were worth $1,908,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Balentine LLC purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth about $114,000. Advisory Services Network LLC boosted its stake in shares of Annaly Capital Management by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new stake in shares of Annaly Capital Management during the 3rd quarter worth about $122,000. Signet Financial Management LLC purchased a new stake in shares of Annaly Capital Management during the 2nd quarter worth about $126,000. Finally, Staley Capital Advisers Inc. purchased a new stake in shares of Annaly Capital Management during the 3rd quarter worth about $126,000. 54.45% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on NLY shares. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.77.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. sell-side analysts expect that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
In other Annaly Capital Management news, CFO Glenn Votek acquired 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was bought at an average price of $11.73 per share, for a total transaction of $293,250.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donnell Segalas acquired 9,800 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $11.34 per share, with a total value of $111,132.00. Following the acquisition, the director now owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 334,800 shares of company stock valued at $3,740,382. Insiders own 0.43% of the company’s stock.
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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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