Toronto Dominion Bank raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,957 shares of the real estate investment trust’s stock after purchasing an additional 22,386 shares during the quarter. Toronto Dominion Bank’s holdings in Annaly Capital Management were worth $808,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at $100,000. Barrett Asset Management LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at $107,000. Advisory Services Network LLC raised 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 acquiring an additional 806 shares during the period. Wellington Shields Capital Management LLC purchased a new position in shares of Annaly Capital Management in the 3rd quarter valued at $122,000. Finally, Advisor Partners LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at $122,000. Institutional investors own 57.10% of the company’s stock.
In other news, CFO Glenn Votek purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $11.73 per share, with a total value of $293,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Wellington Denahan purchased 125,280 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average cost of $11.97 per share, for a total transaction of $1,499,601.60. Following the purchase, the chairman now directly owns 1,798,414 shares in the company, valued at $21,527,015.58. The disclosure for this purchase can be found here. Insiders have purchased a total of 173,530 shares of company stock worth $2,035,117 in the last ninety days. 0.43% of the stock is currently owned by insiders.
Annaly Capital Management, Inc. (NLY) opened at $10.38 on Friday. Annaly Capital Management, Inc. has a one year low of $10.03 and a one year high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $12,036.89, a price-to-earnings ratio of 7.80, a PEG ratio of 7.27 and a beta of 0.05.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. Annaly Capital Management had a net margin of 72.18% and a return on equity of 11.66%. The business had revenue of $426.71 million for the quarter, compared to the consensus estimate of $370.80 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 31.6% compared to the same quarter last year. sell-side analysts forecast that Annaly Capital Management, Inc. will post 1.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.56%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio (DPR) is 90.23%.
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Annaly Capital Management Company 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.
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