Advisors Asset Management Inc. Has $16.29 Million Position in Annaly Capital Management Inc (NYSE:NLY)
Advisors Asset Management Inc. cut its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 1,351,961 shares of the real estate investment trust’s stock after selling 36,199 shares during the period. Advisors Asset Management Inc.’s holdings in Annaly Capital Management were worth $16,291,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NLY. Teachers Advisors LLC increased its position in shares of 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 during the last quarter. Macquarie Group Ltd. increased its position in shares of 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 during the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $123,000. Gulf International Bank UK Ltd increased its position in shares of 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 during the last quarter. Finally, National Pension Service increased its position in shares of 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 during the last quarter. 52.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Annaly Capital Management Inc (NLY) opened at 12.25 on Friday. The company has a market capitalization of $13.33 billion, a P/E ratio of 4.23 and a beta of 0.28. The stock’s 50 day moving average is $12.12 and its 200-day moving average is $11.51. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data 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 firm had revenue of $315.15 million during the quarter, compared to analysts’ expectations 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 company posted $0.29 earnings per share. Analysts anticipate that Annaly Capital Management Inc will post $1.19 earnings per share 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 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 dividend yield of 9.80%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 41.52%.
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Several research analysts have commented on NLY shares. Zacks Investment Research downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.41.
In related news, Director Donnell Segalas bought 17,700 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $12.14 per share, with a total value of $214,878.00. Following the completion of the purchase, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.
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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