Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 15.0% during the fourth quarter, Holdings Channel reports. The fund owned 300,218 shares of the real estate investment trust’s stock after acquiring an additional 39,101 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in ANNALY CAP MGMT/SH were worth $2,831,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Cetera Advisor Networks LLC lifted its holdings in ANNALY CAP MGMT/SH by 3.1% in the third quarter. Cetera Advisor Networks LLC now owns 257,615 shares of the real estate investment trust’s stock valued at $2,284,000 after acquiring an additional 7,858 shares during the period. Lakeview Capital Partners LLC lifted its holdings in ANNALY CAP MGMT/SH by 5.1% in the third quarter. Lakeview Capital Partners LLC now owns 46,950 shares of the real estate investment trust’s stock valued at $413,000 after acquiring an additional 2,260 shares during the period. California State Teachers Retirement System lifted its holdings in ANNALY CAP MGMT/SH by 0.3% in the third quarter. California State Teachers Retirement System now owns 2,489,151 shares of the real estate investment trust’s stock valued at $21,905,000 after acquiring an additional 7,279 shares during the period. Arbor Wealth Management LLC lifted its holdings in ANNALY CAP MGMT/SH by 1.3% in the third quarter. Arbor Wealth Management LLC now owns 283,635 shares of the real estate investment trust’s stock valued at $2,496,000 after acquiring an additional 3,573 shares during the period. Finally, Regal Investment Advisors LLC purchased a new stake in ANNALY CAP MGMT/SH in the third quarter worth about $126,000. 53.60% of the stock is currently owned by institutional investors.
Shares of NLY opened at $10.42 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $9.71 and a two-hundred day simple moving average of $9.18. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 10.23 and a beta of 0.38. ANNALY CAP MGMT/SH has a 52 week low of $8.07 and a 52 week high of $10.44.
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date of this dividend was Monday, December 30th. ANNALY CAP MGMT/SH’s payout ratio is 120.00%.
In other ANNALY CAP MGMT/SH news, Director John H. Schaefer bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $9.21 per share, for a total transaction of $92,100.00. Following the completion of the transaction, the director now owns 87,494 shares of the company’s stock, valued at approximately $805,819.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
A number of analysts have commented on the company. ValuEngine cut ANNALY CAP MGMT/SH from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Co assumed coverage on ANNALY CAP MGMT/SH in a research report on Thursday, December 19th. They issued an “equal weight” rating and a $9.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.86.
ANNALY CAP MGMT/SH Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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