Comerica Bank lowered its holdings in Annaly Capital Management Inc (NYSE:NLY) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,160 shares of the real estate investment trust’s stock after selling 6,289 shares during the period. Comerica Bank’s holdings in Annaly Capital Management were worth $1,169,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Legal & General Group Plc boosted its position in Annaly Capital Management by 2.1% in the second quarter. Legal & General Group Plc now owns 6,570,947 shares of the real estate investment trust’s stock worth $79,176,000 after purchasing an additional 134,962 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Annaly Capital Management by 32.6% in the second quarter. State of Wisconsin Investment Board now owns 904,157 shares of the real estate investment trust’s stock worth $10,895,000 after purchasing an additional 222,300 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Annaly Capital Management by 159.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,019,951 shares of the real estate investment trust’s stock worth $12,290,000 after purchasing an additional 626,367 shares during the last quarter. Rational Advisors LLC purchased a new position in Annaly Capital Management in the second quarter worth $795,000. Finally, Convergence Investment Partners LLC purchased a new position in Annaly Capital Management in the second quarter worth $914,000. 51.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Francine J. Bovich acquired 13,500 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought 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 of the company’s stock, valued at approximately $165,915. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donnell Segalas acquired 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $12.09 per share, with a total value of $96,720.00. Following the acquisition, the director now directly owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The disclosure for this purchase can be found here. Insiders purchased 139,200 shares of company stock valued at $1,726,513 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.
NLY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research report on Friday, June 30th. BidaskClub cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.41.
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Annaly Capital Management Inc (NYSE:NLY) opened at 12.35 on Friday. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The stock has a market cap of $13.44 billion, a PE ratio of 4.27 and a beta of 0.28. The stock’s 50 day moving average price is $12.30 and its 200-day moving average price is $11.82.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $424.18 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Analysts anticipate that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s payout ratio is currently 41.52%.
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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