KBC Group NV Trims Holdings in Annaly Capital Management Inc (NLY)
KBC Group NV lessened its position in Annaly Capital Management Inc (NYSE:NLY) by 7.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 179,196 shares of the real estate investment trust’s stock after selling 15,446 shares during the period. KBC Group NV’s holdings in Annaly Capital Management were worth $2,185,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in NLY. Capstone Asset Management Co. grew its stake in Annaly Capital Management by 1.2% in the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 280 shares during the period. US Bancorp DE grew its stake in Annaly Capital Management by 3.5% in the second quarter. US Bancorp DE now owns 57,653 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 1,928 shares during the period. NGAM Advisors L.P. grew its stake in Annaly Capital Management by 5.2% in the second quarter. NGAM Advisors L.P. now owns 142,073 shares of the real estate investment trust’s stock valued at $1,712,000 after acquiring an additional 7,032 shares during the period. Sei Investments Co. grew its stake in Annaly Capital Management by 40.0% in the second quarter. Sei Investments Co. now owns 112,489 shares of the real estate investment trust’s stock valued at $1,355,000 after acquiring an additional 32,144 shares during the period. Finally, Korea Investment CORP lifted its holdings in shares of Annaly Capital Management by 1.4% in the second quarter. Korea Investment CORP now owns 325,236 shares of the real estate investment trust’s stock valued at $3,919,000 after purchasing an additional 4,617 shares in the last quarter. 54.65% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Donnell Segalas acquired 9,800 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $111,132.00. Following the acquisition, the director now owns 102,450 shares of the company’s stock, valued at $1,161,783. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Keyes acquired 300,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $11.12 per share, with a total value of $3,336,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 460,080 shares of company stock valued at $5,239,984. 0.43% of the stock is owned by company insiders.
Shares of Annaly Capital Management Inc (NLY) traded up $0.03 during midday trading on Monday, hitting $11.94. The stock had a trading volume of 1,293,775 shares, compared to its average volume of 8,497,314. The stock has a market capitalization of $13,810.16, a PE ratio of 9.84, a PEG ratio of 2.28 and a beta of 0.22. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. analysts predict that Annaly Capital Management Inc will post 1.2 EPS for the current fiscal year.
A number of brokerages recently commented on NLY. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, September 26th. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Annaly Capital Management has an average rating of “Hold” and a consensus price target of $11.77.
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Annaly Capital Management Profile
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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