TIAA CREF Investment Management LLC cut its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,374,905 shares of the real estate investment trust’s stock after selling 339,111 shares during the period. TIAA CREF Investment Management LLC owned about 0.40% of Annaly Capital Management worth $52,718,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. BlackRock Inc. increased its position in shares of Annaly Capital Management by 5,238.7% during the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock valued at $1,023,059,000 after purchasing an additional 90,359,815 shares during the period. Principal Financial Group Inc. increased its position in shares of Annaly Capital Management by 1,537.9% during the second quarter. Principal Financial Group Inc. now owns 10,789,299 shares of the real estate investment trust’s stock valued at $130,011,000 after purchasing an additional 10,130,578 shares during the period. Wells Fargo & Company MN increased its position in shares of Annaly Capital Management by 58.1% during the second quarter. Wells Fargo & Company MN now owns 13,314,572 shares of the real estate investment trust’s stock valued at $160,441,000 after purchasing an additional 4,891,048 shares during the period. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 4.8% during the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock valued at $917,603,000 after purchasing an additional 3,810,179 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $41,814,000. Institutional investors and hedge funds own 51.33% of the company’s stock.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.41.
Shares of Annaly Capital Management Inc (NYSE NLY) opened at 12.37 on Tuesday. The company has a market capitalization of $13.46 billion, a PE ratio of 4.28 and a beta of 0.28. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The firm has a 50-day moving average price of $12.31 and a 200-day moving average price of $11.84.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million during the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same period in the previous year, the firm earned $0.29 EPS. On average, equities research analysts predict that Annaly Capital Management Inc will post $1.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 9.70%. Annaly Capital Management’s dividend payout ratio is presently 41.52%.
In related news, Director Francine J. Bovich acquired 13,500 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $12.29 per share, with a total value of $165,915.00. Following the acquisition, the director now directly owns 13,500 shares of the company’s stock, valued at $165,915. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Donnell Segalas purchased 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the purchase, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. Insiders acquired a total of 139,200 shares of company stock valued at $1,726,513 over the last ninety days. Insiders own 0.43% of the company’s stock.
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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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