Thompson Siegel & Walmsley LLC lowered its stake in Annaly Capital Management Inc (NYSE:NLY) by 24.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,987,517 shares of the real estate investment trust’s stock after selling 2,289,297 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.64% of Annaly Capital Management worth $84,199,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of NLY. North Star Investment Management Corp. grew its stake in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,028 shares during the last quarter. MCF Advisors LLC boosted its position in Annaly Capital Management by 2,903.2% during the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 9,000 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in Annaly Capital Management during the 1st quarter valued at approximately $113,000. Fisher Asset Management LLC boosted its position in Annaly Capital Management by 0.8% during the 1st quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 85 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in Annaly Capital Management during the 1st quarter valued at approximately $116,000. 51.90% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Hold” and an average price target of $11.41.
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In other news, Director Francine J. Bovich purchased 13,500 shares of Annaly Capital Management stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $12.29 per share, with a total value of $165,915.00. Following the completion of the acquisition, the director now owns 13,500 shares in the company, valued at approximately $165,915. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David L. Finkelstein purchased 100,000 shares of Annaly Capital Management stock in a transaction dated Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the acquisition, the insider now owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 139,200 shares of company stock valued at $1,726,513. 0.43% of the stock is currently owned by corporate insiders.
Annaly Capital Management Inc (NYSE NLY) opened at 12.35 on Friday. The company’s 50 day moving average is $12.30 and its 200 day moving average is $11.82. The stock has a market cap of $13.44 billion, a PE ratio of 4.27 and a beta of 0.28. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same quarter in the previous year, the firm earned $0.29 earnings per share. On average, equities research analysts expect that Annaly Capital Management Inc will post $1.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is presently 41.52%.
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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