Willingdon Wealth Management increased its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 235.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,120 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the quarter. Willingdon Wealth Management’s holdings in ANNALY CAP MGMT/SH were worth $71,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in NLY. Legal & General Group Plc lifted its stake in shares of ANNALY CAP MGMT/SH by 11.9% in the third quarter. Legal & General Group Plc now owns 7,613,345 shares of the real estate investment trust’s stock worth $77,858,000 after acquiring an additional 810,924 shares in the last quarter. Vanguard Group Inc increased its holdings in ANNALY CAP MGMT/SH by 11.9% in the third quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after buying an additional 11,751,750 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in ANNALY CAP MGMT/SH by 210.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 205,600 shares of the real estate investment trust’s stock valued at $2,019,000 after buying an additional 139,300 shares during the last quarter. Bank of Montreal Can increased its holdings in ANNALY CAP MGMT/SH by 21.7% in the fourth quarter. Bank of Montreal Can now owns 4,352,590 shares of the real estate investment trust’s stock valued at $42,743,000 after buying an additional 775,215 shares during the last quarter. Finally, BB&T Corp increased its holdings in ANNALY CAP MGMT/SH by 51.6% in the fourth quarter. BB&T Corp now owns 22,355 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 7,611 shares during the last quarter. Institutional investors and hedge funds own 55.27% of the company’s stock.
NLY has been the subject of several research analyst reports. Zacks Investment Research lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Barclays set a $11.00 price objective on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. TheStreet lowered ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a report on Friday, February 15th. Nomura initiated 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, ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.00.
In related news, CEO Kevin Keyes bought 300,000 shares of the stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,284,779 shares of the company’s stock, valued at $12,359,573.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CIO David L. Finkelstein bought 100,000 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $9.56 per share, with a total value of $956,000.00. Following the completion of the acquisition, the executive now directly owns 400,000 shares of the company’s stock, valued at approximately $3,824,000. The disclosure for this purchase can be found here. Insiders have bought 480,000 shares of company stock valued at $4,604,100 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.
ANNALY CAP MGMT/SH stock traded down $0.01 during midday trading on Friday, hitting $9.21. The stock had a trading volume of 12,219,161 shares, compared to its average volume of 15,822,695. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $13.41 billion, a P/E ratio of 7.68 and a beta of 0.24. ANNALY CAP MGMT/SH has a 12 month low of $9.19 and a 12 month high of $10.78.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $218.49 million during the quarter, compared to analyst estimates of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. ANNALY CAP MGMT/SH’s quarterly revenue was down 57.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, equities research analysts anticipate that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current year.
The business also recently announced 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 annualized dividend and a dividend yield of 13.03%. The ex-dividend date was Thursday, March 28th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
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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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