Teacher Retirement System of Texas raised its holdings in Annaly Capital Management Inc (NYSE:NLY) by 45.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 157,943 shares of the real estate investment trust’s stock after acquiring an additional 49,562 shares during the period. Teacher Retirement System of Texas’ holdings in Annaly Capital Management were worth $1,925,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC grew its stake in shares of Annaly Capital Management by 2,903.2% in the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares during the period. Balentine LLC purchased a new stake in shares of Annaly Capital Management in the 2nd quarter valued at approximately $114,000. Advisory Services Network LLC grew its stake in shares of Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 806 shares during the period. Signet Financial Management LLC purchased a new stake in shares of Annaly Capital Management in the 2nd quarter valued at approximately $126,000. Finally, Pointe Capital Management LLC purchased a new stake in shares of Annaly Capital Management in the 2nd quarter valued at approximately $127,000. Institutional investors own 54.45% of the company’s stock.
In other Annaly Capital Management news, CEO Kevin Keyes purchased 300,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was bought at an average price of $11.12 per share, with a total value of $3,336,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donnell Segalas acquired 9,800 shares of Annaly Capital Management stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the acquisition, the director now directly owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders acquired a total of 334,800 shares of company stock valued at $3,740,382 in the last three months. 0.43% of the stock is currently owned by corporate insiders.
Annaly Capital Management Inc (NLY) traded down $0.02 during trading hours on Wednesday, hitting $11.95. 7,627,550 shares of the company were exchanged, compared to its average volume of 8,503,832. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $13,902.92, a PE ratio of 9.91, a P/E/G ratio of 2.29 and a beta of 0.22. Annaly Capital Management Inc has a 1 year low of $9.83 and a 1 year high of $12.73.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share 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 firm had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. equities analysts predict that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
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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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