Public Employees Retirement Association of Colorado Has $2.28 Million Stake in Annaly Capital Management Inc (NYSE:NLY)
Public Employees Retirement Association of Colorado lowered its stake in Annaly Capital Management Inc (NYSE:NLY) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 189,189 shares of the real estate investment trust’s stock after selling 250 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Annaly Capital Management were worth $2,280,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. DnB Asset Management AS boosted its stake in Annaly Capital Management by 17.1% in the first quarter. DnB Asset Management AS now owns 126,849 shares of the real estate investment trust’s stock valued at $1,409,000 after buying an additional 18,500 shares in the last quarter. Tompkins Financial Corp purchased a new stake in Annaly Capital Management during the first quarter valued at about $102,000. Fox Run Management L.L.C. purchased a new stake in Annaly Capital Management during the first quarter valued at about $146,000. BLB&B Advisors LLC boosted its stake in Annaly Capital Management by 1.6% in the first quarter. BLB&B Advisors LLC now owns 57,815 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 885 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in Annaly Capital Management by 2.3% in the first quarter. Prospera Financial Services Inc now owns 15,531 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 354 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.
Shares of Annaly Capital Management Inc (NLY) opened at 12.35 on Thursday. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The firm has a market capitalization of $12.58 billion, a PE ratio of 4.27 and a beta of 0.28. The company has a 50 day moving average of $12.13 and a 200 day moving average of $11.49.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $315.15 million during 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 quarter in the previous year, the business posted $0.29 EPS. On average, analysts anticipate that Annaly Capital Management Inc will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 9.72%. Annaly Capital Management’s payout ratio is 41.52%.
Several research firms have issued reports on NLY. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.36.
In other news, Director Donnell Segalas purchased 8,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $12.09 per share, with a total value of $96,720.00. Following the purchase, the director now owns 84,150 shares in the company, valued at approximately $1,017,373.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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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