West Family Investments Inc. lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 18.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,036,022 shares of the real estate investment trust’s stock after selling 231,700 shares during the period. Annaly Capital Management accounts for approximately 3.2% of West Family Investments Inc.’s investment portfolio, making the stock its 6th biggest holding. West Family Investments Inc.’s holdings in Annaly Capital Management were worth $12,318,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of NLY. Salem Investment Counselors Inc. acquired a new stake in shares of Annaly Capital Management during the 3rd quarter worth about $100,000. Barrett Asset Management LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $107,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Annaly Capital Management during the 3rd quarter worth about $122,000. Advisor Partners LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $122,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $125,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Annaly Capital Management in a research report on Friday, February 16th. Compass Point raised Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 13th. Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.21.
Annaly Capital Management, Inc. (NLY) traded up $0.06 on Monday, reaching $10.44. The company’s stock had a trading volume of 734,094 shares, compared to its average volume of 9,880,902. The firm has a market capitalization of $12,040.00, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 7.27 and a beta of 0.05. Annaly Capital Management, Inc. has a 52 week low of $10.03 and a 52 week high of $12.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. Annaly Capital Management had a return on equity of 11.66% and a net margin of 72.18%. The firm’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. sell-side analysts predict that Annaly Capital Management, Inc. will post 1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.49%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio (DPR) is 90.23%.
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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