First Heartland Consultants Inc. raised its stake in Annaly Capital Management Inc (NYSE:NLY) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,667 shares of the real estate investment trust’s stock after buying an additional 1,486 shares during the period. First Heartland Consultants Inc.’s holdings in Annaly Capital Management were worth $406,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of NLY. North Star Investment Management Corp. boosted its stake in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,028 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares in the last quarter. Tompkins Financial Corp bought a new stake in shares of Annaly Capital Management during the first quarter valued at $102,000. Cornerstone Wealth Management LLC acquired a new position in Annaly Capital Management during the first quarter worth approximately $116,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in Annaly Capital Management during the first quarter worth approximately $113,000. Hedge funds and other institutional investors own 52.97% of the company’s stock.
Annaly Capital Management Inc (NYSE NLY) opened at 12.34 on Friday. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The company has a 50-day moving average price of $12.12 and a 200-day moving average price of $11.58. The company has a market capitalization of $13.43 billion, a PE ratio of 4.27 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same quarter in the previous year, the business posted $0.29 earnings per share. Analysts expect that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal 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 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is 41.52%.
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Several brokerages have recently issued reports on NLY. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a research report on Thursday, August 3rd. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.41.
In other news, Director Francine J. Bovich bought 13,500 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now owns 13,500 shares of the company’s stock, valued at $165,915. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $12.09 per share, with a total value of $96,720.00. Following the completion of the purchase, the director now directly owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. Insiders have purchased 39,200 shares of company stock valued at $477,513 in the last ninety days. 0.43% of the stock is currently owned by company insiders.
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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