Rhumbline Advisers grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,450,935 shares of the real estate investment trust’s stock after acquiring an additional 157,029 shares during the period. Rhumbline Advisers owned 0.13% of Annaly Capital Management worth $17,687,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares in the last quarter. Balentine LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $114,000. Advisory Services Network LLC raised its position in shares of Annaly Capital Management by 9.0% in the second 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 in the last quarter. Signet Financial Management LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $126,000. Finally, Pointe Capital Management LLC acquired a new stake in shares of Annaly Capital Management in the second quarter valued at approximately $127,000. Hedge funds and other institutional investors own 54.45% of the company’s stock.
In other Annaly Capital Management news, Director Donnell Segalas bought 9,800 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the acquisition, the director now directly owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin Keyes acquired 300,000 shares of Annaly Capital Management stock in a transaction on Monday, November 6th. The stock was purchased at an average cost 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 bought 334,800 shares of company stock worth $3,740,382 in the last quarter. Company insiders own 0.43% of the company’s stock.
Shares of Annaly Capital Management Inc (NLY) traded up $0.04 during trading on Thursday, hitting $11.99. 8,181,107 shares of the company traded hands, compared to its average volume of 8,502,471. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13,890.00, a PE ratio of 9.89, a price-to-earnings-growth ratio of 2.29 and a beta of 0.22. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts anticipate that Annaly Capital Management Inc will post 1.2 EPS for the current year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, September 26th. ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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