Staley Capital Advisers Inc. bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,340 shares of the real estate investment trust’s stock, valued at approximately $126,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NLY. Balentine LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at approximately $114,000. Advisory Services Network LLC grew its holdings in Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 806 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new stake in Annaly Capital Management in the 3rd quarter valued at approximately $122,000. Signet Financial Management LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at approximately $126,000. Finally, Pointe Capital Management LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at approximately $127,000. 50.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Annaly Capital Management Inc (NYSE:NLY) traded down $0.09 during mid-day trading on Monday, hitting $11.79. The company’s stock had a trading volume of 3,562,200 shares, compared to its average volume of 8,506,296. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a market cap of $13,671.01, a P/E ratio of 9.74, a P/E/G ratio of 2.25 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping 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 company had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. During the same quarter last year, the company earned $0.29 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts expect that Annaly Capital Management Inc will post 1.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 10.18%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
A number of analysts have issued reports on NLY shares. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, October 6th. ValuEngine downgraded Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.77.
In related news, insider David L. Finkelstein bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin Keyes bought 300,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $11.12 per share, with a total value of $3,336,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 409,800 shares of company stock valued at $4,696,132 in the last 90 days. 0.43% of the stock is owned by corporate insiders.
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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