IFP Advisors Inc trimmed its position in shares of Annaly Capital Management (NYSE:NLY) by 14.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 935,845 shares of the real estate investment trust’s stock after selling 155,304 shares during the quarter. IFP Advisors Inc’s holdings in Annaly Capital Management were worth $9,761,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of NLY. TCI Wealth Advisors Inc. boosted its stake in shares of Annaly Capital Management by 165.5% during the first quarter. TCI Wealth Advisors Inc. now owns 9,626 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 6,000 shares during the period. Barrett Asset Management LLC purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $107,000. Summit Securities Group LLC purchased a new stake in shares of Annaly Capital Management during the first quarter valued at $107,000. Thrivent Financial for Lutherans purchased a new stake in shares of Annaly Capital Management during the first quarter valued at $114,000. Finally, Burney Co. purchased a new stake in Annaly Capital Management in the first quarter worth about $116,000. 57.17% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Anthony C. Green bought 23,250 shares of Annaly Capital Management stock in a transaction on Wednesday, February 21st. The stock was acquired at an average cost of $10.42 per share, for a total transaction of $242,265.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.
Shares of Annaly Capital Management stock opened at $10.48 on Tuesday. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 7.35 and a beta of 0.02. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.26. Annaly Capital Management has a one year low of $9.94 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $512.07 million during the quarter, compared to the consensus estimate of $349.17 million. Annaly Capital Management had a net margin of 99.62% and a return on equity of 11.85%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. sell-side analysts anticipate that Annaly Capital Management will post 1.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Thursday, March 29th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 11.45%. Annaly Capital Management’s dividend payout ratio is presently 98.36%.
A number of analysts recently weighed in on NLY shares. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. Finally, ValuEngine lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.75.
Annaly Capital Management Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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