Acadian Asset Management LLC increased its position in Annaly Capital Management Inc (NYSE:NLY) by 69.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 974,575 shares of the real estate investment trust’s stock after buying an additional 398,666 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of Annaly Capital Management worth $11,743,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NLY. Tompkins Financial Corp bought a new stake in Annaly Capital Management during the first quarter worth $102,000. North Star Investment Management Corp. raised its stake in 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 buying an additional 1,028 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in Annaly Capital Management during the first quarter worth $113,000. Fisher Asset Management LLC raised its stake in Annaly Capital Management by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 85 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in Annaly Capital Management during the first quarter worth $116,000. Institutional investors own 52.97% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE NLY) traded up 0.16% during midday trading on Friday, reaching $12.34. The company’s stock had a trading volume of 10,247,910 shares. The company has a 50 day moving average of $12.12 and a 200-day moving average of $11.58. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 4.27 and a beta of 0.28. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The business had revenue of $315.15 million during the quarter, compared to analysts’ expectations of $424.18 million. During the same period in the prior year, the company earned $0.29 earnings per share. Equities research analysts predict that Annaly Capital Management Inc will post $1.20 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.72%. Annaly Capital Management’s dividend payout ratio (DPR) is 41.52%.
NLY has been the subject of a number of analyst reports. BidaskClub lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management has an average rating of “Hold” and an average target price of $11.41.
In other news, Director Donnell Segalas purchased 8,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the purchase, the director now directly owns 84,150 shares in the company, valued at approximately $1,017,373.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Francine J. Bovich purchased 13,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the purchase, the director now owns 13,500 shares of the company’s stock, valued at $165,915. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 39,200 shares of company stock worth $477,513. Company 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.
Receive News & Ratings for Annaly Capital Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.
