Capstone Asset Management Co. Acquires 280 Shares of Annaly Capital Management Inc (NLY)
Capstone Asset Management Co. raised its position in Annaly Capital Management Inc (NYSE:NLY) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,126 shares of the real estate investment trust’s stock after buying an additional 280 shares during the period. Capstone Asset Management Co.’s holdings in Annaly Capital Management were worth $291,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of NLY. Fisher Asset Management LLC increased its stake in Annaly Capital Management by 0.8% in the first quarter. Fisher Asset Management LLC now owns 10,315 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 85 shares during the period. Brown Advisory Securities LLC increased its stake in Annaly Capital Management by 1.3% in the first quarter. Brown Advisory Securities LLC now owns 11,171 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 144 shares during the period. Laurel Wealth Advisors Inc. increased its stake in Annaly Capital Management by 1.1% in the first quarter. Laurel Wealth Advisors Inc. now owns 16,316 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 173 shares during the period. Wesbanco Bank Inc. increased its stake in Annaly Capital Management by 1.1% in the first quarter. Wesbanco Bank Inc. now owns 41,626 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 439 shares during the period. Finally, Meridian Investment Counsel Inc. increased its stake in Annaly Capital Management by 0.3% in the first quarter. Meridian Investment Counsel Inc. now owns 173,625 shares of the real estate investment trust’s stock worth $1,929,000 after buying an additional 450 shares during the period. 52.97% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Inc (NYSE:NLY) traded down 0.41% during trading on Tuesday, reaching $12.27. 2,250,319 shares of the company were exchanged. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73. The firm’s 50 day moving average price is $12.11 and its 200-day moving average price is $11.54. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 4.24 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations 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 period 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 $1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.74%. The ex-dividend date of this dividend was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is 41.52%.
Several brokerages have commented on NLY. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a research note on Thursday, August 3rd. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.41.
In related news, Director Donnell Segalas acquired 8,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the transaction, the director now owns 84,150 shares in the company, valued at $1,017,373.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by corporate 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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