Annaly Capital Management Inc (NYSE:NLY) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 22.7% during the second quarter, Holdings Channel reports. The institutional investor owned 191,674 shares of the real estate investment trust’s stock after buying an additional 35,428 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Annaly Capital Management were worth $2,310,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp acquired a new position in shares of Annaly Capital Management during the first quarter valued at about $102,000. North Star Investment Management Corp. raised its position in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,028 shares in the last quarter. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of Annaly Capital Management during the first quarter valued at about $113,000. Finally, Fisher Asset Management LLC raised its position in shares of Annaly Capital Management by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 52.56% of the company’s stock.
Annaly Capital Management Inc (NYSE NLY) opened at 12.27 on Friday. The firm has a market cap of $13.35 billion, a P/E ratio of 4.24 and a beta of 0.28. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The firm’s 50-day moving average price is $12.13 and its 200-day moving average price is $11.49.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Equities research analysts expect that Annaly Capital Management Inc will post $1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.78%. Annaly Capital Management’s payout ratio is 41.52%.
Several brokerages recently issued reports on NLY. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Annaly Capital Management presently has a consensus rating of “Hold” and an average target price of $11.36.
In related news, Director Donnell Segalas bought 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $12.09 per share, with a total value of $96,720.00. Following the completion of the transaction, the director now directly owns 84,150 shares in the company, valued at $1,017,373.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by insiders.
About Annaly Capital Management
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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