Korea Investment CORP Buys 165,800 Shares of Annaly Capital Management Inc (NLY)
Korea Investment CORP boosted its stake in Annaly Capital Management Inc (NYSE:NLY) by 51.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 491,036 shares of the real estate investment trust’s stock after acquiring an additional 165,800 shares during the period. Korea Investment CORP’s holdings in Annaly Capital Management were worth $5,986,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. North Star Investment Management Corp. increased its position in Annaly Capital Management by 12.5% in the 2nd quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,028 shares during the period. MCF Advisors LLC increased its position in Annaly Capital Management by 2,903.2% in the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 9,000 shares during the period. Balentine LLC acquired a new position in Annaly Capital Management in the 2nd quarter valued at about $114,000. Advisory Services Network LLC increased its position in Annaly Capital Management by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 806 shares during the period. Finally, Signet Financial Management LLC acquired a new position in Annaly Capital Management in the 2nd quarter valued at about $126,000. Hedge funds and other institutional investors own 49.70% of the company’s stock.
Annaly Capital Management Inc (NYSE:NLY) opened at $11.23 on Friday. The stock has a market capitalization of $13.02 billion, a PE ratio of 9.33 and a beta of 0.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.03 and a quick ratio of 0.03.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $353.61 million during the quarter, compared to analyst estimates of $361.67 million. Annaly Capital Management had a return on equity of 11.85% and a net margin of 104.56%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. research analysts expect 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 Tuesday, October 31st. Stockholders of record on Friday, September 29th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.69%. The ex-dividend date was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
Several equities analysts have issued reports on NLY shares. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, October 6th. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, 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 Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Annaly Capital Management has a consensus rating of “Hold” and an average target price of $11.69.
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In related news, insider David L. Finkelstein acquired 100,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the completion of the purchase, the insider now owns 300,000 shares in the company, valued at approximately $3,747,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donnell Segalas acquired 17,700 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $12.14 per share, with a total value of $214,878.00. Following the purchase, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The disclosure for this purchase can be found here. In the last three months, insiders have bought 139,200 shares of company stock valued at $1,726,513. 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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