Orinda Asset Management LLC boosted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 30.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,000 shares of the real estate investment trust’s stock after acquiring an additional 60,000 shares during the quarter. Annaly Capital Management accounts for approximately 2.7% of Orinda Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Orinda Asset Management LLC’s holdings in Annaly Capital Management were worth $3,091,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Annaly Capital Management by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 84,474,609 shares of the real estate investment trust’s stock valued at $1,017,920,000 after purchasing an additional 1,881,971 shares in the last quarter. State Street Corp raised its position in Annaly Capital Management by 1.0% in the 2nd quarter. State Street Corp now owns 28,075,020 shares of the real estate investment trust’s stock valued at $338,303,000 after purchasing an additional 291,014 shares in the last quarter. APG Asset Management N.V. raised its position in Annaly Capital Management by 70.0% in the 3rd quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after purchasing an additional 11,082,900 shares in the last quarter. FMR LLC raised its position in Annaly Capital Management by 4.3% in the 2nd quarter. FMR LLC now owns 21,493,874 shares of the real estate investment trust’s stock valued at $259,001,000 after purchasing an additional 878,306 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Annaly Capital Management by 8.3% in the 3rd quarter. Wells Fargo & Company MN now owns 14,415,212 shares of the real estate investment trust’s stock valued at $175,723,000 after purchasing an additional 1,100,640 shares in the last quarter. Institutional investors own 54.41% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, September 26th. ValuEngine lowered Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Annaly Capital Management currently has a consensus rating of “Buy” and a consensus target price of $12.21.
Shares of Annaly Capital Management, Inc. (NLY) traded down $0.02 during midday trading on Tuesday, hitting $11.17. The stock had a trading volume of 7,443,400 shares, compared to its average volume of 8,572,265. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management, Inc. has a 1-year low of $10.11 and a 1-year high of $12.73. The firm has a market cap of $13,010.00, a price-to-earnings ratio of 4.47, a PEG ratio of 2.09 and a beta of 0.22.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The business had revenue of $353.61 million for the quarter, compared to analyst estimates of $361.67 million. During the same quarter last year, the company earned $0.29 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. sell-side analysts forecast that Annaly Capital Management, Inc. will post 1.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.74%. The ex-dividend date is Thursday, December 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
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.
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