Commonwealth Equity Services Inc Has $6.67 Million Stake in Annaly Capital Management Inc (NLY)

Commonwealth Equity Services Inc lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 547,337 shares of the real estate investment trust’s stock after acquiring an additional 16,412 shares during the period. Commonwealth Equity Services Inc’s holdings in Annaly Capital Management were worth $6,672,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. raised its position in shares of 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 worth $291,000 after buying an additional 280 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of 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 worth $1,399,000 after buying an additional 9,900 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,028 shares in the last quarter. Aperio Group LLC raised its position in shares of Annaly Capital Management by 26.5% in the second quarter. Aperio Group LLC now owns 1,162,981 shares of the real estate investment trust’s stock worth $14,014,000 after buying an additional 243,465 shares in the last quarter. Finally, Sheets Smith Wealth Management raised its position in shares of Annaly Capital Management by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 11,119 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 67 shares in the last quarter. 49.33% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Commonwealth Equity Services Inc Has $6.67 Million Stake in Annaly Capital Management Inc (NLY)” was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/19/commonwealth-equity-services-inc-has-6-67-million-stake-in-annaly-capital-management-inc-nly.html.

Annaly Capital Management Inc (NYSE:NLY) traded up $0.02 during midday trading on Friday, reaching $11.49. The company’s stock had a trading volume of 10,658,953 shares, compared to its average volume of 10,845,244. Annaly Capital Management Inc has a twelve month low of $9.83 and a twelve month 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. The stock has a market capitalization of $13,323.15, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 2.20 and a beta of 0.23.

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, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The business had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts expect that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.44%. Annaly Capital Management’s payout ratio is 48.00%.

In other news, CEO Kevin Keyes purchased 300,000 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David L. Finkelstein purchased 100,000 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the transaction, the insider now directly owns 300,000 shares of the company’s stock, valued at $3,747,000. The disclosure for this purchase can be found here. Insiders have acquired 409,800 shares of company stock worth $4,696,132 in the last 90 days. Company insiders own 0.43% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded 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, three have given a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management has an average rating of “Hold” and an average target price of $11.77.

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.

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY).

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply