Trustco Bank Corp N Y boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 43.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,450 shares of the real estate investment trust’s stock after buying an additional 6,800 shares during the period. Trustco Bank Corp N Y’s holdings in Annaly Capital Management were worth $249,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in NLY. Norges Bank purchased a new stake in Annaly Capital Management during the fourth quarter worth $100,891,000. Equity Investment Corp Acquisition Inc bought a new position in shares of Annaly Capital Management during the fourth quarter valued at $51,065,000. Wells Fargo & Company MN raised its position in shares of Annaly Capital Management by 359.1% in the third quarter. Wells Fargo & Company MN now owns 5,725,179 shares of the real estate investment trust’s stock valued at $60,114,000 after buying an additional 4,478,210 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Annaly Capital Management by 47.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 9,841,910 shares of the real estate investment trust’s stock worth $98,123,000 after buying an additional 3,151,404 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Annaly Capital Management during the fourth quarter worth about $28,405,000. 54.89% of the stock is owned by institutional investors and hedge funds.
Shares of Annaly Capital Management Inc (NYSE:NLY) opened at 12.36 on Friday. The firm has a 50-day moving average of $11.76 and a 200 day moving average of $10.97. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.45. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 4.62 and a beta of 0.31.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. Annaly Capital Management had a return on equity of 11.08% and a net margin of 113.76%. The company had revenue of $389.30 million for the quarter, compared to analysts’ expectations of $424.77 million. During the same period last year, the company posted $0.30 EPS. Equities research analysts anticipate that Annaly Capital Management Inc will post $1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.71%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 46.51%.
NLY has been the topic of a number of recent analyst reports. Vetr downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating and set a $11.60 price target on the stock. in a research report on Tuesday, April 4th. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, February 21st. Instinet lifted their price objective on shares of Annaly Capital Management from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 28th. Keefe, Bruyette & Woods set a $11.00 target price on shares of Annaly Capital Management and gave the stock a “hold” rating in a research report on Thursday, April 6th. Finally, BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.29.
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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