Annaly Capital Management Inc (NYSE:NLY) Stake Increased by National Planning Corp
National Planning Corp raised its stake in Annaly Capital Management Inc (NYSE:NLY) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 174,713 shares of the real estate investment trust’s stock after buying an additional 2,415 shares during the period. National Planning Corp’s holdings in Annaly Capital Management were worth $2,137,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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 valued at $1,023,059,000 after buying an additional 90,359,815 shares during the last quarter. Vanguard Group Inc. boosted its position 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 valued at $917,603,000 after buying an additional 3,810,179 shares during the last quarter. State Street Corp boosted its position in Annaly Capital Management by 4.4% in the first quarter. State Street Corp now owns 27,784,006 shares of the real estate investment trust’s stock valued at $308,680,000 after buying an additional 1,181,556 shares during the last quarter. APG Asset Management N.V. boosted its position in Annaly Capital Management by 12.9% in the second quarter. APG Asset Management N.V. now owns 15,823,160 shares of the real estate investment trust’s stock valued at $190,669,000 after buying an additional 1,807,500 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Annaly Capital Management by 21.1% in the first quarter. Renaissance Technologies LLC now owns 10,384,526 shares of the real estate investment trust’s stock valued at $115,372,000 after buying an additional 1,808,817 shares during the last quarter. Institutional investors own 52.56% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE NLY) opened at 12.27 on Friday. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 4.24 and a beta of 0.28. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The stock’s 50 day moving average price is $12.13 and its 200 day moving average price is $11.49.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate 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 analyst estimates of $424.18 million. During the same quarter last year, the business earned $0.29 earnings per share. Equities research analysts anticipate that Annaly Capital Management Inc will post $1.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.78%. Annaly Capital Management’s dividend payout ratio is presently 41.52%.
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Several equities analysts have issued reports on NLY shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a research report on Friday, June 30th. BidaskClub cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Annaly Capital Management currently has a consensus rating of “Hold” and a consensus price target of $11.36.
In related news, Director Donnell Segalas acquired 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $12.09 per share, for a total transaction 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 $1,017,373.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.43% of the stock is 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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