Gulf International Bank UK Ltd lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 359,489 shares of the real estate investment trust’s stock after purchasing an additional 26,393 shares during the period. Gulf International Bank UK Ltd’s holdings in Annaly Capital Management were worth $4,274,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new stake in shares of Annaly Capital Management during the third quarter worth about $100,000. Balentine LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $114,000. Advisory Services Network LLC increased its position in shares of Annaly Capital Management by 9.0% during the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new stake in shares of Annaly Capital Management during the third quarter worth about $122,000. Finally, Staley Capital Advisers Inc. acquired a new stake in shares of Annaly Capital Management during the third quarter worth about $126,000. Institutional investors and hedge funds own 54.56% of the company’s stock.
Annaly Capital Management, Inc. (NYSE:NLY) opened at $11.21 on Thursday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management, Inc. has a twelve month low of $10.08 and a twelve month high of $12.73. The stock has a market capitalization of $12,963.69, a PE ratio of 4.48, a P/E/G ratio of 2.09 and a beta of 0.22.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend is Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is currently 48.00%.
In related news, CEO Kevin Keyes purchased 300,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $11.12 per share, with a total value of $3,336,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Wellington Denahan purchased 125,280 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average cost of $11.97 per share, for a total transaction of $1,499,601.60. Following the acquisition, the chairman now owns 1,798,414 shares of the company’s stock, valued at $21,527,015.58. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 460,080 shares of company stock worth $5,239,984. Corporate insiders own 0.43% of the company’s stock.
A number of analysts have recently commented on NLY shares. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, October 6th. ValuEngine cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Annaly Capital Management currently has an average rating of “Buy” and a consensus target price of $12.21.
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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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