Conning Inc. Has $567,000 Position in Annaly Capital Management Inc (NLY)

Conning Inc. maintained its stake in shares of Annaly Capital Management Inc (NYSE:NLY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,071 shares of the real estate investment trust’s stock at the end of the second quarter. Conning Inc.’s holdings in Annaly Capital Management were worth $567,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NLY. Sei Investments Co. boosted its stake in shares of Annaly Capital Management by 1,803.0% in the first quarter. Sei Investments Co. now owns 80,345 shares of the real estate investment trust’s stock worth $893,000 after buying an additional 76,123 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Annaly Capital Management by 1.1% in the first quarter. Wesbanco Bank Inc. now owns 41,626 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 439 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Annaly Capital Management by 260.5% in the first quarter. Rafferty Asset Management LLC now owns 184,599 shares of the real estate investment trust’s stock worth $2,051,000 after buying an additional 133,396 shares during the period. Credit Suisse AG boosted its stake in shares of Annaly Capital Management by 9.6% in the first quarter. Credit Suisse AG now owns 2,315,770 shares of the real estate investment trust’s stock worth $25,728,000 after buying an additional 203,782 shares during the period. Finally, Quantitative Investment Management LLC boosted its stake in shares of Annaly Capital Management by 139.1% in the first quarter. Quantitative Investment Management LLC now owns 1,089,700 shares of the real estate investment trust’s stock worth $12,106,000 after buying an additional 633,900 shares during the period. 52.97% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Inc (NYSE:NLY) opened at 12.32 on Friday. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 4.26 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. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $11.57.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $315.15 million for 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 posted $0.29 EPS. On average, analysts predict that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date was Wednesday, June 28th. Annaly Capital Management’s payout ratio is 41.52%.

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NLY has been the topic of a number of research analyst reports. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Hold” and an average target price of $11.41.

In related news, Director Donnell Segalas bought 17,700 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $12.14 per share, with a total value of $214,878.00. Following the purchase, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Francine J. Bovich bought 13,500 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $165,915.00. Following the purchase, the director now directly owns 13,500 shares in the company, valued at approximately $165,915. The disclosure for this purchase can be found here. Insiders have bought a total of 39,200 shares of company stock worth $477,513 in the last ninety days. Insiders own 0.43% of the company’s stock.

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.