Principal Financial Group Inc. trimmed its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,209,368 shares of the real estate investment trust’s stock after selling 579,931 shares during the period. Principal Financial Group Inc. owned approximately 0.94% of Annaly Capital Management worth $124,452,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Keybank National Association OH acquired a new stake in Annaly Capital Management during the 3rd quarter valued at $194,000. American Century Companies Inc. grew its holdings in Annaly Capital Management by 1,680.0% during the 3rd quarter. American Century Companies Inc. now owns 481,163 shares of the real estate investment trust’s stock valued at $5,865,000 after purchasing an additional 454,132 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Annaly Capital Management by 13.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,027,960 shares of the real estate investment trust’s stock valued at $12,531,000 after purchasing an additional 123,803 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Annaly Capital Management by 6.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 176,722 shares of the real estate investment trust’s stock valued at $2,154,000 after purchasing an additional 11,300 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Annaly Capital Management by 10.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 188,521 shares of the real estate investment trust’s stock valued at $2,298,000 after purchasing an additional 17,782 shares in the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NYSE:NLY) opened at $11.24 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The stock has a market cap of $13,033.26, a PE ratio of 9.29, a PEG ratio of 2.15 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. During the same period last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. research analysts anticipate that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 10.68%. Annaly Capital Management’s dividend payout ratio is presently 48.00%.
A number of research firms recently weighed in on NLY. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Annaly Capital Management presently has an average rating of “Hold” and a consensus target price of $11.81.
In other news, CEO Kevin Keyes acquired 300,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Francine J. Bovich acquired 13,500 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the transaction, the director now owns 13,500 shares in the company, valued at $165,915. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 413,500 shares of company stock worth $4,750,915. 0.43% of the stock is currently owned by insiders.
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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