DnB Asset Management AS boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519,449 shares of the real estate investment trust’s stock after purchasing an additional 17,400 shares during the quarter. DnB Asset Management AS’s holdings in Annaly Capital Management were worth $6,176,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. C M Bidwell & Associates Ltd. increased its stake in shares of Annaly Capital Management by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 21,800 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 115 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of Annaly Capital Management by 1.0% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 16,472 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 156 shares in the last quarter. NorthRock Partners LLC boosted its position in shares of Annaly Capital Management by 2.0% during the 2nd quarter. NorthRock Partners LLC now owns 15,384 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 301 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Annaly Capital Management by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 18,135 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in 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 worth $118,000 after acquiring an additional 806 shares in the last quarter. Institutional investors and hedge funds own 54.53% of the company’s stock.
In related news, CEO Kevin Keyes acquired 300,000 shares of Annaly Capital Management stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Wellington Denahan acquired 125,280 shares of Annaly Capital Management stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $11.97 per share, with a total value of $1,499,601.60. Following the completion of the purchase, the chairman now directly owns 1,798,414 shares in the company, valued at $21,527,015.58. The disclosure for this purchase can be found here. Insiders have acquired a total of 460,080 shares of company stock worth $5,239,984 in the last quarter. Company insiders own 0.43% of the company’s stock.
Shares of Annaly Capital Management, Inc. (NYSE:NLY) traded down $0.14 during mid-day trading on Friday, reaching $10.36. The company’s stock had a trading volume of 9,709,005 shares, compared to its average volume of 9,270,000. The company has a market capitalization of $12,010.00, a price-to-earnings ratio of 4.14, a P/E/G ratio of 1.94 and a beta of 0.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03. Annaly Capital Management, Inc. has a 52-week low of $10.28 and a 52-week high of $12.73.
Annaly Capital Management (NYSE:NLY) last released 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 return on equity of 11.59% and a net margin of 104.56%. The firm had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. 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 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.58%. Annaly Capital Management’s dividend payout ratio (DPR) is 48.00%.
A number of research analysts have recently weighed in on NLY shares. Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, ValuEngine downgraded Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.21.
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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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