Bronfman E.L. Rothschild L.P. lessened its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,043 shares of the real estate investment trust’s stock after selling 9,329 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Annaly Capital Management were worth $369,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in NLY. Cubist Systematic Strategies LLC bought a new position in shares of Annaly Capital Management during the 2nd quarter worth about $387,000. Advisory Services Network LLC boosted its position in shares of Annaly Capital Management by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 806 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Annaly Capital Management by 2.8% during the 2nd quarter. Cetera Investment Advisers now owns 18,135 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 500 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Annaly Capital Management by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 12,521 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new position in Annaly Capital Management in the 2nd quarter valued at about $409,000. 55.49% of the stock is currently owned by institutional investors.
Annaly Capital Management, Inc. (NYSE:NLY) opened at $10.38 on Thursday. Annaly Capital Management, Inc. has a 1 year low of $10.03 and a 1 year high of $12.73. The firm has a market cap of $12,117.22, a PE ratio of 4.15, a P/E/G ratio of 1.93 and a beta of 0.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.20 annualized dividend and a yield of 11.56%. Annaly Capital Management’s dividend payout ratio (DPR) is 48.00%.
NLY has been the topic of several recent research reports. ValuEngine cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday. Finally, Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.21.
In other news, Chairman Wellington Denahan acquired 125,280 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average price of $11.97 per share, for a total transaction of $1,499,601.60. Following the purchase, the chairman now owns 1,798,414 shares in the company, valued at approximately $21,527,015.58. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Glenn Votek acquired 25,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.
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Annaly Capital Management Company 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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