Russell Investments Group Ltd. Has $31.48 Million Holdings in Annaly Capital Management Inc (NLY)
Russell Investments Group Ltd. grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,583,673 shares of the real estate investment trust’s stock after acquiring an additional 305,415 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Annaly Capital Management worth $31,475,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings 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 worth $1,017,920,000 after acquiring an additional 1,881,971 shares in the last quarter. State Street Corp boosted its holdings 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 worth $338,303,000 after acquiring an additional 291,014 shares in the last quarter. APG Asset Management N.V. boosted its holdings 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 worth $327,985,000 after acquiring an additional 11,082,900 shares in the last quarter. FMR LLC boosted its holdings 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 worth $259,001,000 after acquiring an additional 878,306 shares in the last quarter. Finally, LSV Asset Management boosted its holdings 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 worth $238,495,000 after acquiring an additional 78,700 shares in the last quarter. 50.97% of the stock is currently owned by institutional investors and hedge funds.
In other Annaly Capital Management news, insider David L. Finkelstein purchased 100,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the purchase, the insider now directly 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 accessible through this hyperlink. Also, Director Donnell Segalas purchased 9,800 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $11.34 per share, with a total value of $111,132.00. Following the purchase, the director now directly owns 102,450 shares of the company’s stock, valued at $1,161,783. The disclosure for this purchase can be found here. Insiders bought 409,800 shares of company stock valued at $4,696,132 in the last 90 days. Company insiders own 0.43% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, September 26th. ValuEngine raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.77.
Annaly Capital Management Inc (NLY) opened at $11.82 on Wednesday. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $13,601.44, a price-to-earnings ratio of 9.69, a PEG ratio of 2.24 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. research analysts expect that Annaly Capital Management Inc will post 1.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 10.15%. The ex-dividend date of this dividend was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio is currently 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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