State of Wisconsin Investment Board boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,027,960 shares of the real estate investment trust’s stock after purchasing an additional 123,803 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Annaly Capital Management worth $12,531,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NLY. Capstone Asset Management Co. raised its stake in Annaly Capital Management by 1.2% in the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 280 shares in the last quarter. National Pension Service raised its stake in Annaly Capital Management by 10.5% in the second quarter. National Pension Service now owns 1,099,993 shares of the real estate investment trust’s stock valued at $13,200,000 after purchasing an additional 104,228 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Annaly Capital Management by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 165,422 shares of the real estate investment trust’s stock valued at $1,993,000 after purchasing an additional 138,250 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Annaly Capital Management by 9.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 116,082 shares of the real estate investment trust’s stock valued at $1,399,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. raised its stake in Annaly Capital Management by 110.2% in the second quarter. Westbourne Investment Advisors Inc. now owns 26,700 shares of the real estate investment trust’s stock valued at $322,000 after purchasing an additional 14,000 shares in the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NLY) opened at $11.49 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $13,195.60, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.18 and a beta of 0.23. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. sell-side analysts forecast that Annaly Capital Management Inc will post 1.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.44%. The ex-dividend date was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is currently 48.00%.
A number of research analysts recently commented on NLY shares. BidaskClub downgraded Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. 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. Finally, ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.77.
In other news, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction dated Friday, September 1st. The stock was bought at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the purchase, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donnell Segalas acquired 9,800 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.34 per share, with a total value of $111,132.00. Following the purchase, the director now directly owns 102,450 shares of the company’s stock, valued at $1,161,783. The disclosure for this purchase can be found here. Insiders bought 423,300 shares of company stock valued at $4,862,047 in the last ninety days. 0.43% of the stock is currently owned by insiders.
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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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