Stephens Inc. AR Sells 11,324 Shares of Annaly Capital Management Inc (NLY)
Stephens Inc. AR reduced its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,002 shares of the real estate investment trust’s stock after selling 11,324 shares during the period. Stephens Inc. AR’s holdings in Annaly Capital Management were worth $1,719,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 2.3% during the second quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock worth $1,017,920,000 after purchasing an additional 1,881,971 shares in the last quarter. State Street Corp lifted its position in shares of Annaly Capital Management by 1.0% during the second quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock worth $338,303,000 after purchasing an additional 291,014 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Annaly Capital Management by 70.0% during the third quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock worth $327,985,000 after purchasing an additional 11,082,900 shares in the last quarter. FMR LLC lifted its position in shares of Annaly Capital Management by 4.3% during the second quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock worth $259,001,000 after purchasing an additional 878,306 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Annaly Capital Management by 0.4% during the second quarter. LSV Asset Management now owns 19,792,129 shares of the real estate investment trust’s stock worth $238,495,000 after purchasing an additional 78,700 shares in the last quarter. 50.97% of the stock is currently owned by institutional investors and hedge funds.
In other Annaly Capital Management news, Director Donnell Segalas bought 9,800 shares of the stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the purchase, the director now directly owns 102,450 shares in the company, valued at $1,161,783. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Keyes bought 300,000 shares of the stock in a transaction on Monday, November 6th. The shares were acquired at an average price of $11.12 per share, with a total value of $3,336,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 409,800 shares of company stock valued at $4,696,132. 0.43% of the stock is owned by insiders.
Several research firms recently issued reports on NLY. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, September 26th. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.77.
Annaly Capital Management Inc (NLY) remained flat at $$11.83 on Wednesday. 209,108 shares of the company’s stock were exchanged, compared to its average volume of 8,539,896. The stock has a market capitalization of $13,601.44, a price-to-earnings ratio of 9.69, a PEG ratio of 2.24 and a beta of 0.23. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm had revenue of $353.61 million during the quarter, compared to analyst estimates of $361.67 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. sell-side analysts expect that Annaly Capital Management Inc will post 1.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 10.15%. Annaly Capital Management’s payout ratio is 48.00%.
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Annaly Capital Management 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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