World Asset Management Inc Has $687,000 Stake in Annaly Capital Management Inc (NYSE:NLY)
World Asset Management Inc reduced its stake in Annaly Capital Management Inc (NYSE:NLY) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 56,997 shares of the real estate investment trust’s stock after selling 2,048 shares during the period. World Asset Management Inc’s holdings in Annaly Capital Management were worth $687,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in Annaly Capital Management by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 1,867,876 shares of the real estate investment trust’s stock valued at $18,623,000 after buying an additional 60,283 shares in the last quarter. Macquarie Group Ltd. increased its stake in Annaly Capital Management by 41.5% in the fourth quarter. Macquarie Group Ltd. now owns 227,000 shares of the real estate investment trust’s stock valued at $2,263,000 after buying an additional 66,600 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in Annaly Capital Management during the first quarter valued at $123,000. Gulf International Bank UK Ltd increased its stake in Annaly Capital Management by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 312,207 shares of the real estate investment trust’s stock valued at $3,468,000 after buying an additional 3,200 shares in the last quarter. Finally, National Pension Service increased its stake in Annaly Capital Management by 18,228.1% in the first quarter. National Pension Service now owns 995,765 shares of the real estate investment trust’s stock valued at $11,063,000 after buying an additional 990,332 shares in the last quarter. 52.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NYSE NLY) opened at 12.18 on Wednesday. The company’s 50-day moving average is $12.15 and its 200 day moving average is $11.43. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 4.21 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The company had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same period in the prior year, the business earned $0.29 EPS. Equities analysts expect that Annaly Capital Management Inc will post $1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.85%. Annaly Capital Management’s payout ratio is 41.52%.
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NLY has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus target price of $11.36.
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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