Korea Investment CORP Has $3.92 Million Position in Annaly Capital Management Inc (NLY)
Korea Investment CORP raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 325,236 shares of the real estate investment trust’s stock after buying an additional 4,617 shares during the period. Korea Investment CORP’s holdings in Annaly Capital Management were worth $3,919,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp acquired a new position in Annaly Capital Management during the first quarter valued at approximately $102,000. North Star Investment Management Corp. raised its position in 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 during the last quarter. MCF Advisors LLC raised its position in 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 during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in Annaly Capital Management during the first quarter valued at approximately $113,000. Finally, Fisher Asset Management LLC raised its position 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 valued at $115,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 52.56% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE NLY) opened at 12.25 on Friday. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The stock has a market cap of $13.33 billion, a P/E ratio of 4.23 and a beta of 0.28. The firm’s 50-day moving average price is $12.12 and its 200-day moving average price is $11.51.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $315.15 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that Annaly Capital Management Inc will post $1.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend was Wednesday, June 28th. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
Several equities analysts recently commented on the company. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 target price on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.41.
In other Annaly Capital Management news, Director Donnell Segalas purchased 8,000 shares of the stock in a transaction dated Monday, August 7th. The shares were bought at an average cost of $12.09 per share, with a total value of $96,720.00. Following the completion of the transaction, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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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