First Capital Advisors Group LLC. Decreases Position in Annaly Capital Management Inc (NYSE:NLY)
First Capital Advisors Group LLC. lowered its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,059 shares of the real estate investment trust’s stock after selling 4,860 shares during the period. First Capital Advisors Group LLC.’s holdings in Annaly Capital Management were worth $567,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. North Star Investment Management Corp. raised its stake 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 during the period. MCF Advisors LLC raised its stake 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 during the period. Tompkins Financial Corp acquired a new stake in shares of Annaly Capital Management during the first quarter valued at about $102,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter valued at about $116,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of Annaly Capital Management during the first quarter valued at about $113,000. 52.56% of the stock is owned by hedge funds and other institutional investors.
Annaly Capital Management Inc (NLY) opened at 12.27 on Friday. The firm has a 50 day moving average of $12.13 and a 200-day moving average of $11.49. The company has a market capitalization of $13.35 billion, a price-to-earnings 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.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $424.18 million. During the same quarter last year, the company earned $0.29 EPS. Equities analysts expect that Annaly Capital Management Inc will post $1.19 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid 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 yield of 9.78%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
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Several brokerages recently issued reports on NLY. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.36.
In related news, Director Donnell Segalas purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now owns 84,150 shares of the company’s stock, valued at $1,017,373.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.
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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