Zweig DiMenna Associates LLC bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 13,600 shares of the real estate investment trust’s stock, valued at approximately $166,000.
Other large investors have also bought and sold shares of the company. State of Wisconsin Investment Board increased its holdings in Annaly Capital Management by 32.6% during the 2nd 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. increased its holdings in Annaly Capital Management by 296.6% during the 2nd quarter. Suntrust Banks Inc. now owns 54,705 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 40,913 shares in the last quarter. Stuyvesant Capital Management increased its holdings in Annaly Capital Management by 5.6% during the 2nd quarter. Stuyvesant Capital Management now owns 234,375 shares of the real estate investment trust’s stock valued at $2,824,000 after acquiring an additional 12,500 shares in the last quarter. PGGM Investments increased its holdings in Annaly Capital Management by 109.0% during the 3rd quarter. PGGM Investments now owns 3,007,293 shares of the real estate investment trust’s stock valued at $36,659,000 after acquiring an additional 1,568,450 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Annaly Capital Management during the 2nd quarter valued at about $152,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.
Shares of Annaly Capital Management Inc (NLY) opened at $11.43 on Tuesday. The company has a market cap of $13,033.26, a PE ratio of 9.29, a PEG ratio of 2.15 and a beta of 0.23. Annaly Capital Management Inc has a twelve month low of $9.83 and a twelve month high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The business had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts predict that Annaly Capital Management Inc will post 1.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were given a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 10.50%. Annaly Capital Management’s dividend payout ratio is presently 48.00%.
In related news, Director Donnell Segalas bought 9,800 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $11.34 per share, with a total value of $111,132.00. Following the completion of the transaction, the director now owns 102,450 shares of the company’s stock, valued at $1,161,783. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average cost of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the transaction, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The disclosure for this purchase can be found here. Insiders purchased 423,300 shares of company stock worth $4,862,047 over the last three months. Corporate insiders own 0.43% of the company’s stock.
NLY has been the subject of several recent research reports. BidaskClub downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.77.
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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