Mraz Amerine & Associates Inc. cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 38.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,450 shares of the real estate investment trust’s stock after selling 13,450 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Annaly Capital Management were worth $261,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in NLY. Paloma Partners Management Co bought a new position in Annaly Capital Management during the first quarter valued at approximately $615,000. Capstone Asset Management Co. boosted its stake in Annaly Capital Management by 1.2% during 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 buying an additional 280 shares during the last quarter. National Pension Service boosted its stake in Annaly Capital Management by 10.5% during 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 buying an additional 104,228 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Annaly Capital Management by 508.8% during 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 buying an additional 138,250 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Annaly Capital Management by 9.3% during 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 buying an additional 9,900 shares during the last quarter. 49.77% of the stock is owned by institutional investors.
In other Annaly Capital Management news, insider David L. Finkelstein purchased 100,000 shares of Annaly Capital Management stock in a transaction dated Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the acquisition, the insider now owns 300,000 shares in the company, valued at approximately $3,747,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Francine J. Bovich purchased 13,500 shares of Annaly Capital Management stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the acquisition, the director now owns 13,500 shares of the company’s stock, valued at approximately $165,915. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 413,500 shares of company stock worth $4,750,915. Company insiders own 0.43% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE NLY) remained flat at $$11.24 during mid-day trading on Friday. 9,526,899 shares of the company were exchanged, compared to its average volume of 10,604,828. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $13,033.26, a PE ratio of 9.29, a P/E/G ratio of 2.15 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts expect that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 10.68%. Annaly Capital Management’s payout ratio is 48.00%.
A number of equities analysts recently commented on NLY shares. BidaskClub lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.77.
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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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