Martingale Asset Management L P Lowers Stake in Annaly Capital Management, Inc. (NLY)

Martingale Asset Management L P cut its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,004,828 shares of the real estate investment trust’s stock after selling 170,449 shares during the quarter. Martingale Asset Management L P’s holdings in Annaly Capital Management were worth $35,729,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Annaly Capital Management by 4.0% in the fourth quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock valued at $1,166,474,000 after buying an additional 3,747,677 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Annaly Capital Management by 21.1% in the fourth quarter. APG Asset Management N.V. now owns 32,577,760 shares of the real estate investment trust’s stock valued at $322,576,000 after buying an additional 5,671,700 shares in the last quarter. LSV Asset Management increased its stake in shares of Annaly Capital Management by 10.0% in the fourth quarter. LSV Asset Management now owns 22,726,268 shares of the real estate investment trust’s stock valued at $270,215,000 after buying an additional 2,059,300 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Annaly Capital Management by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 14,783,364 shares of the real estate investment trust’s stock valued at $175,774,000 after buying an additional 368,152 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Annaly Capital Management by 35.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 11,358,849 shares of the real estate investment trust’s stock valued at $138,464,000 after buying an additional 2,982,700 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Shares of Annaly Capital Management, Inc. (NYSE:NLY) opened at $10.16 on Thursday. 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 company has a market capitalization of $11,780.00, a PE ratio of 7.64, a P/E/G ratio of 1.91 and a beta of 0.05. Annaly Capital Management, Inc. has a 12-month low of $10.03 and a 12-month high of $12.73.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $426.71 million during the quarter, compared to analyst estimates of $370.80 million. Annaly Capital Management had a return on equity of 12.00% and a net margin of 72.18%. The company’s revenue was down 31.6% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. analysts anticipate that Annaly Capital Management, Inc. will post 1.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were given a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 11.81%. Annaly Capital Management’s payout ratio is 90.23%.

A number of brokerages have recently weighed in on NLY. Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. Compass Point upgraded Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $12.21.

In other news, insider Anthony C. Green acquired 23,250 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $10.42 per share, for a total transaction of $242,265.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Wellington Denahan acquired 125,280 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average price of $11.97 per share, with a total value of $1,499,601.60. Following the completion of the transaction, the chairman now owns 1,798,414 shares of the company’s stock, valued at $21,527,015.58. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 173,530 shares of company stock valued at $2,035,117. Corporate insiders own 0.43% of the company’s stock.

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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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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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