Meiji Yasuda Asset Management Co Ltd. Has $2.29 Million Holdings in Annaly Capital Management Inc (NLY)
Meiji Yasuda Asset Management Co Ltd. cut its holdings in Annaly Capital Management Inc (NYSE:NLY) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,194 shares of the real estate investment trust’s stock after selling 11,900 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Annaly Capital Management were worth $2,294,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Annaly Capital Management by 2.3% in the second quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock valued at $1,017,920,000 after buying an additional 1,881,971 shares in the last quarter. State Street Corp raised its stake in Annaly Capital Management by 1.0% in the second quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock valued at $338,303,000 after buying an additional 291,014 shares in the last quarter. APG Asset Management N.V. raised its stake in Annaly Capital Management by 70.0% in the third quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after buying an additional 11,082,900 shares in the last quarter. FMR LLC raised its stake in Annaly Capital Management by 4.3% in the second quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock valued at $259,001,000 after buying an additional 878,306 shares in the last quarter. Finally, LSV Asset Management raised its stake in Annaly Capital Management by 0.4% in 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 in the last quarter. Institutional investors own 50.97% of the company’s stock.
Annaly Capital Management Inc (NYSE:NLY) remained flat at $$11.73 on Tuesday. The stock had a trading volume of 3,106,118 shares, compared to its average volume of 8,541,250. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management Inc has a 12-month low of $9.83 and a 12-month high of $12.73. The firm has a market cap of $13,600.00, a price-to-earnings ratio of 9.50, a PEG ratio of 2.20 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The business had revenue of $353.61 million for the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 48.00%.
In other news, CEO Kevin Keyes bought 300,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donnell Segalas bought 9,800 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the transaction, the director now directly owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders have bought 409,800 shares of company stock worth $4,696,132 in the last quarter. Insiders own 0.43% of the company’s stock.
A number of analysts have weighed in on the company. ValuEngine cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.77.
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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