Pacer Advisors Inc. lifted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,576 shares of the real estate investment trust’s stock after buying an additional 1,953 shares during the period. Pacer Advisors Inc.’s holdings in Annaly Capital Management were worth $489,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sheets Smith Wealth Management increased its stake in Annaly Capital Management by 0.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 11,119 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 67 shares in the last quarter. Brown Advisory Securities LLC grew its holdings in Annaly Capital Management by 1.3% during the 1st quarter. Brown Advisory Securities LLC now owns 11,171 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 144 shares during the last quarter. Laurel Wealth Advisors Inc. grew its holdings in Annaly Capital Management by 1.1% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 16,316 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 173 shares during the last quarter. Capstone Asset Management Co. grew its holdings in Annaly Capital Management by 1.2% during the 2nd quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 280 shares during the last quarter. Finally, Meridian Investment Counsel Inc. grew its holdings in Annaly Capital Management by 0.3% during the 1st quarter. Meridian Investment Counsel Inc. now owns 173,625 shares of the real estate investment trust’s stock valued at $1,929,000 after buying an additional 450 shares during the last quarter. 51.33% of the stock is owned by hedge funds and other institutional investors.
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NLY has been the topic of several analyst reports. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Friday, June 30th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.41.
Shares of Annaly Capital Management Inc (NYSE NLY) traded up 0.73% during trading on Friday, reaching $12.44. The company’s stock had a trading volume of 6,302,076 shares. The company’s 50-day moving average price is $12.32 and its 200 day moving average price is $11.86. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 4.30 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The firm had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. During the same period in the previous year, the firm posted $0.29 EPS. Analysts anticipate that Annaly Capital Management Inc will post $1.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s payout ratio is 41.52%.
In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of Annaly Capital Management stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the acquisition, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donnell Segalas acquired 8,000 shares of Annaly Capital Management stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the purchase, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 139,200 shares of company stock worth $1,726,513 over the last three months. Insiders own 0.43% of the company’s stock.
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.
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