James Investment Research Inc. lowered its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 85.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,300 shares of the real estate investment trust’s stock after selling 59,934 shares during the quarter. James Investment Research Inc.’s holdings in Annaly Capital Management were worth $122,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new stake in Annaly Capital Management during the third quarter worth approximately $100,000. Balentine LLC acquired a new stake in Annaly Capital Management during the second quarter worth approximately $114,000. Advisory Services Network LLC boosted its position in Annaly Capital Management by 9.0% during the second 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 during the last quarter. Wellington Shields Capital Management LLC acquired a new stake in Annaly Capital Management during the third quarter worth approximately $122,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in Annaly Capital Management during the fourth quarter worth approximately $125,000. Hedge funds and other institutional investors own 54.53% of the company’s stock.
A number of analysts recently issued reports on the stock. Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday. Zacks Investment Research lowered shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Annaly Capital Management currently has a consensus rating of “Buy” and an average target price of $12.21.
Annaly Capital Management, Inc. (NYSE:NLY) opened at $10.36 on Friday. The firm has a market cap of $12,175.20, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. Annaly Capital Management, Inc. has a 1-year low of $10.28 and a 1-year high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. Annaly Capital Management’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. equities research analysts expect that Annaly Capital Management, Inc. will post 1.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.58%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
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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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