Russell Investments Group Ltd. increased its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,583,673 shares of the real estate investment trust’s stock after buying an additional 305,415 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Annaly Capital Management worth $31,475,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC boosted its holdings 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 worth $112,000 after acquiring an additional 9,000 shares during the period. Balentine LLC purchased a new stake in Annaly Capital Management during the second quarter valued at about $114,000. Advisory Services Network LLC raised its position in Annaly Capital Management by 9.0% during 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 purchasing an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC purchased a new position in shares of Annaly Capital Management in the third quarter worth about $122,000. Finally, Signet Financial Management LLC bought a new stake in shares of Annaly Capital Management in the second quarter worth about $126,000. 54.45% of the stock is owned by institutional investors.
Annaly Capital Management Inc (NLY) traded up $0.04 during midday trading on Thursday, hitting $11.99. 8,181,107 shares of the company’s stock were exchanged, 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. Annaly Capital Management Inc has a fifty-two week low of $9.83 and a fifty-two week high of $12.73. The stock has a market capitalization of $13,890.00, a PE ratio of 9.89, a P/E/G ratio of 2.29 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (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 firm had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. sell-side analysts forecast that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
In other news, CEO Kevin Keyes bought 300,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the acquisition, the director now directly owns 102,450 shares in the company, valued at $1,161,783. The disclosure for this purchase can be found here. In the last quarter, insiders bought 334,800 shares of company stock worth $3,740,382. Company insiders own 0.43% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.77.
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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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