Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 732,943 shares of the real estate investment trust’s stock after selling 44,819 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Annaly Capital Management worth $8,935,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. Balentine LLC acquired a new position in shares of Annaly Capital Management in the 2nd quarter valued at $114,000. Advisory Services Network LLC lifted its stake in shares of 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 purchasing an additional 806 shares during the period. Wellington Shields Capital Management LLC acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at $122,000. Staley Capital Advisers Inc. acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at $126,000. Finally, Signet Financial Management LLC acquired a new position in shares of Annaly Capital Management in the 2nd quarter valued at $126,000. Institutional investors and hedge funds own 54.45% of the company’s stock.
Several research firms recently issued reports on NLY. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, September 26th. ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.77.
Shares of Annaly Capital Management Inc (NLY) traded down $0.02 during midday trading on Thursday, reaching $11.95. 7,629,000 shares of the company traded hands, compared to its average volume of 8,503,839. The stock has a market cap of $13,879.73, a price-to-earnings ratio of 9.89, a PEG ratio of 2.29 and a beta of 0.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $353.61 million during the quarter, compared to analyst estimates of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. research analysts predict that Annaly Capital Management Inc will post 1.2 EPS for the current fiscal year.
In related news, Director Donnell Segalas purchased 9,800 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $11.34 per share, with a total value of $111,132.00. Following the acquisition, the director now owns 102,450 shares in the company, valued at $1,161,783. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Keyes purchased 300,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost 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 three months, insiders purchased 334,800 shares of company stock valued at $3,740,382. 0.43% of the stock is owned by insiders.
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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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