Annaly Capital Management Inc. (NLY) Shares Bought by Chicago Equity Partners LLC
Chicago Equity Partners LLC boosted its position in Annaly Capital Management Inc. (NYSE:NLY) by 765.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,425 shares of the company’s stock after buying an additional 141,885 shares during the period. Chicago Equity Partners LLC’s holdings in Annaly Capital Management were worth $1,776,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Annaly Capital Management by 0.5% in the first quarter. State Street Corp now owns 24,987,256 shares of the company’s stock worth $256,371,000 after buying an additional 131,340 shares during the period. Renaissance Technologies LLC increased its position in Annaly Capital Management by 89.9% in the first quarter. Renaissance Technologies LLC now owns 13,768,700 shares of the company’s stock worth $141,267,000 after buying an additional 6,519,800 shares during the period. Rockefeller Financial Services Inc. increased its position in Annaly Capital Management by 20.3% in the second quarter. Rockefeller Financial Services Inc. now owns 7,634,445 shares of the company’s stock worth $84,513,000 after buying an additional 1,288,177 shares during the period. Geode Capital Management LLC increased its position in Annaly Capital Management by 6.5% in the first quarter. Geode Capital Management LLC now owns 6,560,148 shares of the company’s stock worth $67,273,000 after buying an additional 402,141 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in Annaly Capital Management during the second quarter worth $55,079,000. 54.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Annaly Capital Management Inc. (NYSE:NLY) remained flat at $10.10 during mid-day trading on Tuesday. 4,018,006 shares of the company traded hands. The firm’s market cap is $10.05 billion. The company has a 50 day moving average price of $10.50 and a 200-day moving average price of $10.68. Annaly Capital Management Inc. has a 12-month low of $8.25 and a 12-month high of $11.29.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts predict that Annaly Capital Management Inc. will post $1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.2641 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.06 annualized dividend and a dividend yield of 10.46%. Annaly Capital Management’s payout ratio is presently -83.46%.
NLY has been the topic of a number of research reports. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, October 12th. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a research note on Monday, August 8th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $11.00 price objective on shares of Annaly Capital Management in a research note on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating and issued a $11.50 price objective on shares of Annaly Capital Management in a research note on Friday, September 9th. Finally, Deutsche Bank AG increased their price objective on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.00.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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