Alliancebernstein L.P. decreased its stake in Annaly Capital Management Inc (NYSE:NLY) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 1,048,612 shares of the real estate investment trust’s stock after selling 33,994 shares during the period. Alliancebernstein L.P.’s holdings in Annaly Capital Management were worth $11,650,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter valued at about $100,891,000. Wells Fargo & Company MN increased its stake in Annaly Capital Management by 64.9% in the first quarter. Wells Fargo & Company MN now owns 8,423,524 shares of the real estate investment trust’s stock valued at $93,585,000 after buying an additional 3,314,397 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Annaly Capital Management during the fourth quarter valued at about $28,405,000. Asset Management One Co. Ltd. increased its stake in Annaly Capital Management by 1,781.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,701,393 shares of the real estate investment trust’s stock valued at $16,972,000 after buying an additional 1,610,971 shares during the period. Finally, State Street Corp increased its stake in Annaly Capital Management by 5.4% in the fourth quarter. State Street Corp now owns 26,602,450 shares of the real estate investment trust’s stock valued at $265,233,000 after buying an additional 1,363,036 shares during the period. Institutional investors own 54.92% of the company’s stock.
Annaly Capital Management Inc (NYSE NLY) traded up 0.08% during trading on Tuesday, hitting $12.47. The company had a trading volume of 577,349 shares. The stock has a 50-day moving average of $11.78 and a 200-day moving average of $11.00. The stock has a market capitalization of $12.71 billion, a PE ratio of 4.66 and a beta of 0.31. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.52.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. Annaly Capital Management had a net margin of 113.76% and a return on equity of 11.08%. The business had revenue of $389.30 million during the quarter, compared to analyst estimates of $424.77 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts anticipate that Annaly Capital Management Inc will post $1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.63%. Annaly Capital Management’s payout ratio is 46.51%.
Several analysts have recently issued reports on NLY shares. Vetr upgraded Annaly Capital Management from a “strong sell” rating to a “buy” rating and set a $11.60 price target for the company in a research note on Monday, March 13th. Keefe, Bruyette & Woods set a $11.00 price target on Annaly Capital Management and gave the stock a “hold” rating in a research note on Thursday, April 6th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Instinet upped their price target on Annaly Capital Management from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 28th. Finally, BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Annaly Capital Management has an average rating of “Hold” and a consensus price target of $11.29.
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.
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY).
Receive News & Ratings for Annaly Capital Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.