Sumitomo Mitsui Trust Holdings Inc. Purchases 291,480 Shares of Annaly Capital Management Inc (NLY)
Sumitomo Mitsui Trust Holdings Inc. lifted its position in Annaly Capital Management Inc (NYSE:NLY) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,578,766 shares of the real estate investment trust’s stock after acquiring an additional 291,480 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.31% of Annaly Capital Management worth $43,625,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its holdings in shares of Annaly Capital Management by 32.6% in the second quarter. State of Wisconsin Investment Board now owns 904,157 shares of the real estate investment trust’s stock valued at $10,895,000 after acquiring an additional 222,300 shares in the last quarter. Suntrust Banks Inc. grew its stake in Annaly Capital Management by 296.6% in the second quarter. Suntrust Banks Inc. now owns 54,705 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 40,913 shares during the last quarter. Stuyvesant Capital Management grew its stake in Annaly Capital Management by 5.6% in the second quarter. Stuyvesant Capital Management now owns 234,375 shares of the real estate investment trust’s stock valued at $2,824,000 after purchasing an additional 12,500 shares during the last quarter. PGGM Investments grew its stake in Annaly Capital Management by 109.0% in the third quarter. PGGM Investments now owns 3,007,293 shares of the real estate investment trust’s stock valued at $36,659,000 after purchasing an additional 1,568,450 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in Annaly Capital Management by 31.0% in the third quarter. IFP Advisors Inc now owns 1,229,482 shares of the real estate investment trust’s stock valued at $14,987,000 after purchasing an additional 290,611 shares during the last quarter. Hedge funds and other institutional investors own 50.97% of the company’s stock.
In other news, Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $11.34 per share, with a total value of $111,132.00. Following the completion of the acquisition, the director now directly owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin Keyes bought 300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $11.12 per share, with a total value of $3,336,000.00. The disclosure for this purchase can be found here. Insiders have purchased 409,800 shares of company stock valued at $4,696,132 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
NLY has been the topic of several analyst reports. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, October 6th. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. BidaskClub lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Annaly Capital Management presently has an average rating of “Hold” and a consensus price target of $11.77.
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Shares of Annaly Capital Management Inc (NYSE:NLY) traded up $0.24 during mid-day trading on Tuesday, hitting $11.73. The stock had a trading volume of 9,613,900 shares, compared to its average volume of 8,541,250. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The stock has a market capitalization of $13,600.00, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.20 and a beta of 0.23. 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 (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share 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 analyst estimates of $361.67 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. equities analysts expect 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. Investors of record on Friday, September 29th were issued 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 was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is 48.00%.
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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