Stephens Inc. AR reduced its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.
Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in shares of Annaly Capital Management by 1.2% during the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 280 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Annaly Capital Management by 9.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 116,082 shares of the real estate investment trust’s stock worth $1,399,000 after purchasing an additional 9,900 shares in the last quarter. US Bancorp DE grew its stake in shares of Annaly Capital Management by 3.5% during the second quarter. US Bancorp DE now owns 57,653 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 1,928 shares in the last quarter. Greenleaf Trust grew its stake in shares of Annaly Capital Management by 56.1% during the second quarter. Greenleaf Trust now owns 18,309 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 6,579 shares in the last quarter. Finally, Breton Hill Capital Ltd. acquired a new position in shares of Annaly Capital Management during the second quarter worth $821,000. 54.45% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Kevin Keyes purchased 300,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donnell Segalas purchased 9,800 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $11.34 per share, for a total transaction of $111,132.00. Following the acquisition, the director now owns 102,450 shares in the company, valued at $1,161,783. The disclosure for this purchase can be found here. Insiders bought 334,800 shares of company stock worth $3,740,382 over the last quarter. Company insiders own 0.43% of the company’s stock.
Annaly Capital Management Inc (NYSE:NLY) traded up $0.04 during midday trading on Thursday, reaching $11.99. 8,181,107 shares of the company traded hands, compared to its average volume of 8,502,471. Annaly Capital Management Inc has a 52-week low of $9.83 and a 52-week high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $13,890.00, a PE ratio of 9.89, a P/E/G ratio of 2.29 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Annaly Capital Management Inc will post 1.2 earnings per share for the current year.
Several equities analysts have issued reports on NLY shares. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, October 6th. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Two investment 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 company. The company presently has an average rating of “Hold” and an average target price of $11.77.
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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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