CAPROCK Group Inc. bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,320 shares of the real estate investment trust’s stock, valued at approximately $152,000.
A number of other hedge funds have also added to or reduced their stakes in NLY. Great West Life Assurance Co. Can raised its stake in Annaly Capital Management by 12.3% in the second quarter. Great West Life Assurance Co. Can now owns 2,434,280 shares of the real estate investment trust’s stock worth $29,264,000 after buying an additional 267,586 shares during the period. Alpha Cubed Investments LLC acquired a new stake in Annaly Capital Management during the second quarter worth about $159,000. Janney Montgomery Scott LLC raised its stake in Annaly Capital Management by 2.0% in the second quarter. Janney Montgomery Scott LLC now owns 258,890 shares of the real estate investment trust’s stock worth $3,120,000 after buying an additional 5,082 shares during the period. IBM Retirement Fund raised its stake in Annaly Capital Management by 32.4% in the second quarter. IBM Retirement Fund now owns 15,010 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3,672 shares during the period. Finally, NGAM Advisors L.P. raised 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 worth $1,712,000 after buying an additional 7,032 shares during the period. 52.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Annaly Capital Management Inc (NYSE:NLY) traded up 0.16% during mid-day trading on Friday, hitting $12.34. The stock had a trading volume of 10,247,910 shares. The stock has a 50 day moving average of $12.12 and a 200-day moving average of $11.58. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The stock has a market capitalization of $13.43 billion, a P/E ratio of 4.27 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $315.15 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.29 earnings per share. On average, equities research analysts predict that Annaly Capital Management Inc will post $1.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
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A number of analysts have issued reports on the company. BidaskClub raised Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.41.
In other Annaly Capital Management news, Director Donnell Segalas bought 8,000 shares of Annaly Capital Management stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $12.09 per share, with a total value of $96,720.00. Following the acquisition, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Francine J. Bovich bought 13,500 shares of Annaly Capital Management stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $12.29 per share, for a total transaction of $165,915.00. Following the acquisition, the director now owns 13,500 shares in the company, valued at approximately $165,915. The disclosure for this purchase can be found here. Insiders have purchased 39,200 shares of company stock worth $477,513 in the last three months. 0.43% of the stock is currently owned by company insiders.
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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