SG Americas Securities LLC raised its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 58.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 607,609 shares of the real estate investment trust’s stock after acquiring an additional 223,087 shares during the period. SG Americas Securities LLC’s holdings in ANNALY CAP MGMT/SH were worth $6,070,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE boosted its position in shares of ANNALY CAP MGMT/SH by 126.7% in the 4th quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock worth $67,959,000 after purchasing an additional 3,868,272 shares during the last quarter. Wedbush Securities Inc. raised its stake in ANNALY CAP MGMT/SH by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock worth $1,164,000 after buying an additional 6,133 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of ANNALY CAP MGMT/SH by 9.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 1,623,412 shares of the real estate investment trust’s stock valued at $15,942,000 after purchasing an additional 136,403 shares during the period. Prudential PLC raised its stake in shares of ANNALY CAP MGMT/SH by 352.0% in the 4th quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 41,700 shares during the period. Finally, Lake Point Wealth Management acquired a new stake in shares of ANNALY CAP MGMT/SH in the 4th quarter valued at about $123,000. 55.27% of the stock is owned by hedge funds and other institutional investors.
In other ANNALY CAP MGMT/SH news, Director Thomas Edward Hamilton purchased 30,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $9.47 per share, for a total transaction of $284,100.00. Following the completion of the transaction, the director now owns 130,000 shares in the company, valued at $1,231,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Keyes purchased 300,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the transaction, the chief executive officer now owns 1,284,779 shares of the company’s stock, valued at approximately $12,359,573.98. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 480,000 shares of company stock valued at $4,604,100. Corporate insiders own 0.34% of the company’s stock.
Several analysts have issued reports on the company. TheStreet downgraded ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. Nomura assumed coverage on ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Barclays restated a “buy” rating and issued a $11.00 price objective on shares of ANNALY CAP MGMT/SH in a report on Thursday, February 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.00.
ANNALY CAP MGMT/SH stock traded down $0.01 during midday trading on Friday, reaching $9.21. 11,734,545 shares of the company’s stock were exchanged, compared to its average volume of 15,822,695. ANNALY CAP MGMT/SH has a 52 week low of $9.19 and a 52 week high of $10.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market capitalization of $13.43 billion, a P/E ratio of 7.68 and a beta of 0.24.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The company had revenue of $218.49 million during the quarter, compared to analysts’ expectations of $435.12 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was down 57.3% on a year-over-year basis. Research analysts forecast that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date of this dividend was Thursday, March 28th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 100.00%.
ANNALY CAP MGMT/SH Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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