Engineers Gate Manager LP Has $303,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)
Engineers Gate Manager LP lowered its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 70.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,800 shares of the real estate investment trust’s stock after selling 87,358 shares during the period. Engineers Gate Manager LP’s holdings in Annaly Capital Management were worth $303,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of NLY. Marshall Wace LLP acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $30,000. Hoover Financial Advisors Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $32,000. Simon Quick Advisors LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $33,000. Marshall Wace North America L.P. acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $40,000. Finally, Penbrook Management LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $41,000. 44.56% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Annaly Capital Management in a research note on Monday, December 14th. They issued a “buy” rating and a $9.50 price objective on the stock. Keefe, Bruyette & Woods raised shares of Annaly Capital Management from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Friday, December 18th. Finally, Argus assumed coverage on shares of Annaly Capital Management in a research note on Wednesday, December 9th. They issued a “buy” rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.06.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, February 10th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $432.86 million for the quarter, compared to analysts’ expectations of $443.00 million. Annaly Capital Management had a negative net margin of 20.12% and a positive return on equity of 13.27%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 1.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Wednesday, March 31st will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $0.88 annualized dividend and a yield of 10.13%. Annaly Capital Management’s dividend payout ratio is currently 88.00%.
About Annaly Capital Management
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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