Annaly Capital Management Inc (NLY) Stake Raised by Pekin Singer Strauss Asset Management IL
Pekin Singer Strauss Asset Management IL increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,438 shares of the real estate investment trust’s stock after buying an additional 3,597 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Annaly Capital Management were worth $4,090,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in Annaly Capital Management by 5,238.7% in the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock worth $1,023,059,000 after buying an additional 90,359,815 shares during the period. Vanguard Group Inc. raised its stake in Annaly Capital Management by 4.8% in the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock worth $917,603,000 after buying an additional 3,810,179 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in Annaly Capital Management during the first quarter worth about $41,814,000. Wells Fargo & Company MN raised its stake in Annaly Capital Management by 64.9% in the first quarter. Wells Fargo & Company MN now owns 8,423,524 shares of the real estate investment trust’s stock worth $93,585,000 after buying an additional 3,314,397 shares during the period. Finally, Bank of Montreal Can raised its stake in Annaly Capital Management by 344.6% in the second quarter. Bank of Montreal Can now owns 3,943,022 shares of the real estate investment trust’s stock worth $47,514,000 after buying an additional 3,056,208 shares during the period. Hedge funds and other institutional investors own 52.56% of the company’s stock.
Shares of Annaly Capital Management Inc (NLY) opened at 12.25 on Friday. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 4.23 and a beta of 0.28. The stock has a 50 day moving average of $12.12 and a 200-day moving average of $11.51. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The business had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. During the same period in the previous year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that Annaly Capital Management Inc will post $1.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.80%. Annaly Capital Management’s payout ratio is currently 41.52%.
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A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.36.
In other news, Director Donnell Segalas bought 17,700 shares of Annaly Capital Management stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $12.14 per share, with a total value of $214,878.00. Following the completion of the transaction, the director now owns 84,150 shares in the company, valued at approximately $1,021,581. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.
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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