Sterling Capital Management LLC grew its position in Annaly Capital Management Inc (NYSE:NLY) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,542,582 shares of the real estate investment trust’s stock after purchasing an additional 160,186 shares during the quarter. Sterling Capital Management LLC owned about 0.48% of Annaly Capital Management worth $67,564,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its holdings in Annaly Capital Management by 21.0% in the third quarter. Neuberger Berman Group LLC now owns 1,250,650 shares of the real estate investment trust’s stock worth $15,245,000 after purchasing an additional 216,671 shares during the last quarter. California Public Employees Retirement System grew its holdings in Annaly Capital Management by 7.3% in the third quarter. California Public Employees Retirement System now owns 3,278,803 shares of the real estate investment trust’s stock worth $39,969,000 after purchasing an additional 223,900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Annaly Capital Management by 9.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 320,801 shares of the real estate investment trust’s stock worth $3,911,000 after purchasing an additional 27,384 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Annaly Capital Management by 136.1% in the third quarter. Janus Henderson Group PLC now owns 7,528,679 shares of the real estate investment trust’s stock worth $91,774,000 after purchasing an additional 4,340,397 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its holdings in Annaly Capital Management by 806.9% in the third quarter. Vident Investment Advisory LLC now owns 98,040 shares of the real estate investment trust’s stock worth $1,195,000 after purchasing an additional 87,230 shares during the last quarter. 54.65% of the stock is currently owned by institutional investors and hedge funds.
NLY has been the subject of several research reports. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management currently has a consensus rating of “Hold” and a consensus target price of $11.77.
In other Annaly Capital Management news, CEO Kevin Keyes bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $11.34 per share, with a total value of $111,132.00. Following the completion of the transaction, 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 have bought 460,080 shares of company stock valued at $5,239,984 over the last quarter. Insiders own 0.43% of the company’s stock.
Annaly Capital Management Inc (NYSE NLY) traded up $0.11 during trading hours on Wednesday, hitting $12.17. 5,681,633 shares of the stock traded hands, compared to its average volume of 8,477,394. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year 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 firm has a market capitalization of $13,902.92, a P/E ratio of 9.91, a P/E/G ratio of 2.29 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data 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. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The business had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. research analysts forecast that Annaly Capital Management Inc will post 1.2 earnings per share for the current fiscal year.
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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