Nationwide Fund Advisors Reduces Position in Annaly Capital Management Inc (NLY)
Nationwide Fund Advisors cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 63.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 953,494 shares of the real estate investment trust’s stock after selling 1,668,405 shares during the period. Nationwide Fund Advisors owned approximately 0.09% of Annaly Capital Management worth $11,490,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Annaly Capital Management by 5,238.7% during the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock valued at $1,023,059,000 after buying an additional 90,359,815 shares during the last quarter. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 4.8% during the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock valued at $917,603,000 after buying an additional 3,810,179 shares during the last quarter. State Street Corp boosted its stake in Annaly Capital Management by 4.4% during the first quarter. State Street Corp now owns 27,784,006 shares of the real estate investment trust’s stock valued at $308,680,000 after buying an additional 1,181,556 shares during the last quarter. LSV Asset Management boosted its stake in Annaly Capital Management by 0.4% during the second quarter. LSV Asset Management now owns 19,792,129 shares of the real estate investment trust’s stock valued at $238,495,000 after buying an additional 78,700 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Annaly Capital Management by 12.9% during the second quarter. APG Asset Management N.V. now owns 15,823,160 shares of the real estate investment trust’s stock valued at $190,669,000 after buying an additional 1,807,500 shares during the last quarter. 51.33% of the stock is owned by institutional investors.
A number of equities analysts recently commented on NLY shares. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a research note on Friday, June 30th. Finally, Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.41.
Shares of Annaly Capital Management Inc (NYSE:NLY) opened at 12.44 on Monday. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 4.30 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 company’s 50 day moving average price is $12.32 and its 200-day moving average price is $11.86.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The business had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. Analysts anticipate that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date is Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
In related news, insider David L. Finkelstein acquired 100,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were acquired at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the transaction, the insider now owns 300,000 shares of the company’s stock, valued at $3,747,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donnell Segalas acquired 17,700 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $12.14 per share, for a total transaction of $214,878.00. Following the transaction, the director now directly owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The disclosure for this purchase can be found here. Insiders have bought 139,200 shares of company stock worth $1,726,513 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
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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