Advisor Group Inc. Sells 1,888 Shares of Annaly Capital Management Inc (NLY)
Advisor Group Inc. reduced its holdings in Annaly Capital Management Inc (NYSE:NLY) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 328,061 shares of the real estate investment trust’s stock after selling 1,888 shares during the period. Advisor Group Inc.’s holdings in Annaly Capital Management were worth $3,947,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NLY. North Star Investment Management Corp. increased its stake in Annaly Capital Management by 12.5% in the 2nd 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 last quarter. MCF Advisors LLC increased its stake in Annaly Capital Management by 2,903.2% in the 2nd 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 last quarter. Cutter & CO Brokerage Inc. acquired a new stake in Annaly Capital Management in the 1st quarter valued at $113,000. Cornerstone Wealth Management LLC acquired a new stake in Annaly Capital Management in the 1st quarter valued at $116,000. Finally, Northstar Wealth Partners LLC acquired a new stake in Annaly Capital Management in the 1st quarter valued at $123,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE:NLY) traded up 0.73% on Friday, hitting $12.44. 6,302,076 shares of the stock were exchanged. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 4.30 and a beta of 0.28. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The stock’s 50-day moving average is $12.32 and its 200-day moving average is $11.86.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $315.15 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.29 earnings per share. Analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.65%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
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In other news, Director Donnell Segalas bought 17,700 shares of the stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $12.14 per share, for a total transaction of $214,878.00. Following the completion of the acquisition, the director now directly owns 84,150 shares in the company, valued at approximately $1,021,581. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francine J. Bovich bought 13,500 shares of the stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $12.29 per share, with a total value of $165,915.00. Following the acquisition, the director now owns 13,500 shares of the company’s stock, valued at $165,915. The disclosure for this purchase can be found here. In the last quarter, insiders bought 139,200 shares of company stock valued at $1,726,513. 0.43% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised 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 reissued a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.41.
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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