Ingalls & Snyder LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 64,940 shares of the real estate investment trust’s stock, valued at approximately $772,000.
A number of other large investors have also bought and sold shares of NLY. Salem Investment Counselors Inc. acquired a new position in Annaly Capital Management during the third quarter valued at $100,000. Balentine LLC acquired a new position in Annaly Capital Management during the second quarter valued at $114,000. Advisory Services Network LLC raised its position in 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 valued at $118,000 after buying an additional 806 shares during the period. Wellington Shields Capital Management LLC acquired a new position in Annaly Capital Management during the third quarter valued at $122,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in Annaly Capital Management during the fourth quarter valued at $125,000. 54.56% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, September 26th. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $12.21.
Annaly Capital Management, Inc. (NLY) opened at $11.19 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 $10.09 and a 52 week high of $12.73. The company has a market capitalization of $12,980.00, a PE ratio of 4.48, a price-to-earnings-growth ratio of 2.07 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The firm had revenue of $353.61 million for the quarter, compared to the consensus estimate of $361.67 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts forecast that Annaly Capital Management, Inc. will post 1.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 10.72%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 48.00%.
COPYRIGHT VIOLATION NOTICE: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2018/01/21/64940-shares-in-annaly-capital-management-inc-nly-acquired-by-ingalls-snyder-llc.html.
Annaly Capital Management Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.