Morse Asset Management Inc increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 21.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,500 shares of the real estate investment trust’s stock after buying an additional 8,000 shares during the period. Morse Asset Management Inc’s holdings in Annaly Capital Management were worth $536,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. increased its position in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,028 shares during the period. MCF Advisors LLC increased its position in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares during the period. Tompkins Financial Corp acquired a new position in shares of Annaly Capital Management during the first quarter valued at $102,000. Cornerstone Wealth Management LLC acquired a new position in shares of Annaly Capital Management during the first quarter valued at $116,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Annaly Capital Management during the first quarter valued at $113,000. Hedge funds and other institutional investors own 52.56% of the company’s stock.
Shares of Annaly Capital Management Inc (NYSE NLY) opened at 12.35 on Thursday. The company’s 50-day moving average is $12.13 and its 200-day moving average is $11.49. Annaly Capital Management Inc has a 12 month low of $9.83 and a 12 month high of $12.73. The stock has a market capitalization of $12.58 billion, a PE ratio of 4.27 and a beta of 0.28.
Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The business had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. During the same period last year, the business posted $0.29 EPS. Equities research analysts expect that Annaly Capital Management Inc will post $1.19 earnings per share for the current fiscal year.
The company also recently announced 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 was Wednesday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 9.72%. Annaly Capital Management’s payout ratio is presently 41.52%.
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Several research analysts have weighed in on the company. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.36.
In other news, Director Donnell Segalas bought 17,700 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $12.14 per share, for a total transaction of $214,878.00. Following the purchase, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.43% of the company’s stock.
About Annaly Capital Management
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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