WESPAC Advisors LLC Buys 31,305 Shares of Annaly Capital Management (NLY)

WESPAC Advisors LLC boosted its holdings in shares of Annaly Capital Management (NYSE:NLY) by 30.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,159 shares of the real estate investment trust’s stock after purchasing an additional 31,305 shares during the period. WESPAC Advisors LLC’s holdings in Annaly Capital Management were worth $1,399,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NLY. National Pension Service increased its holdings in Annaly Capital Management by 10.5% during the 4th quarter. National Pension Service now owns 1,267,142 shares of the real estate investment trust’s stock valued at $15,066,000 after purchasing an additional 120,583 shares during the period. Gateway Investment Advisers LLC increased its holdings in Annaly Capital Management by 1.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,289,230 shares of the real estate investment trust’s stock valued at $15,329,000 after purchasing an additional 13,506 shares during the period. Gulf International Bank UK Ltd increased its holdings in Annaly Capital Management by 7.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 359,489 shares of the real estate investment trust’s stock valued at $4,274,000 after purchasing an additional 26,393 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Annaly Capital Management by 8.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,422,278 shares of the real estate investment trust’s stock valued at $28,801,000 after purchasing an additional 189,812 shares during the period. Finally, CAPROCK Group Inc. increased its holdings in Annaly Capital Management by 61.7% during the 4th quarter. CAPROCK Group Inc. now owns 18,470 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 7,050 shares during the period. Institutional investors own 59.96% of the company’s stock.

In other news, insider Anthony C. Green bought 23,250 shares of Annaly Capital Management stock in a transaction on Wednesday, February 21st. The shares were purchased at an average price of $10.42 per share, for a total transaction of $242,265.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Annaly Capital Management opened at $10.33 on Wednesday, MarketBeat Ratings reports. Annaly Capital Management has a fifty-two week low of $10.36 and a fifty-two week high of $10.41. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.26. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 7.38 and a beta of 0.02.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. Annaly Capital Management had a return on equity of 11.85% and a net margin of 99.62%. The firm had revenue of $512.07 million for the quarter, compared to the consensus estimate of $349.17 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. analysts expect 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 dividend of $0.30 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.62%. Annaly Capital Management’s dividend payout ratio (DPR) is 98.36%.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th. Compass Point upgraded Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Zacks Investment Research downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Deutsche Bank reduced their price target on Annaly Capital Management from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Finally, ValuEngine downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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