Flinton Capital Management LLC raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 107.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,832 shares of the real estate investment trust’s stock after buying an additional 14,926 shares during the period. Flinton Capital Management LLC’s holdings in Annaly Capital Management were worth $343,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Barings LLC purchased a new position in Annaly Capital Management in the third quarter valued at about $548,000. White Lighthouse Investment Management Inc. purchased a new position in Annaly Capital Management in the fourth quarter valued at about $960,000. Nationwide Fund Advisors increased its holdings in Annaly Capital Management by 33.9% in the third quarter. Nationwide Fund Advisors now owns 1,276,878 shares of the real estate investment trust’s stock valued at $15,565,000 after buying an additional 323,384 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Annaly Capital Management by 3.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 341,744 shares of the real estate investment trust’s stock valued at $4,166,000 after buying an additional 11,205 shares in the last quarter. Finally, Smith Moore & CO. purchased a new position in Annaly Capital Management in the fourth quarter valued at about $135,000. 60.05% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th. Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.21.
In other Annaly Capital Management news, insider Anthony C. Green purchased 23,250 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $242,265.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.
Shares of Annaly Capital Management, Inc. (NLY) opened at $10.55 on Friday. The company has a market cap of $12,176.04, a P/E ratio of 7.93, a PEG ratio of 7.36 and a beta of 0.10. Annaly Capital Management, Inc. has a 1 year low of $10.00 and a 1 year high of $12.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.03 and a quick ratio of 0.03.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. Annaly Capital Management had a net margin of 72.18% and a return on equity of 11.66%. The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. sell-side analysts predict that Annaly Capital Management, Inc. will post 1.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.37%. Annaly Capital Management’s dividend payout ratio is presently 90.23%.
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Annaly Capital Management 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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