Westpac Banking Corp maintained its position in Annaly Capital Management Inc (NYSE:NLY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,580 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Westpac Banking Corp’s holdings in Annaly Capital Management were worth $766,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in NLY. North Star Investment Management Corp. boosted its holdings in Annaly Capital Management by 12.5% during the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,028 shares in the last quarter. MCF Advisors LLC boosted its holdings in Annaly Capital Management by 2,903.2% during the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 9,000 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Annaly Capital Management during the first quarter worth about $113,000. Cornerstone Wealth Management LLC purchased a new stake in Annaly Capital Management during the first quarter worth about $116,000. Finally, Northstar Wealth Partners LLC purchased a new stake in Annaly Capital Management during the first quarter worth about $123,000. 51.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Annaly Capital Management Inc (NLY) opened at 12.42 on Tuesday. The stock has a market cap of $13.51 billion, a P/E ratio of 4.29 and a beta of 0.28. The firm has a 50 day moving average of $12.24 and a 200 day moving average of $11.79. Annaly Capital Management Inc has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities research analysts predict that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.
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In other Annaly Capital Management news, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction dated Friday, September 1st. The shares were bought at an average price of $12.49 per share, with a total value of $1,249,000.00. Following the purchase, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Donnell Segalas acquired 8,000 shares of the stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of $12.09 per share, for a total transaction of $96,720.00. Following the purchase, the director now directly owns 84,150 shares in the company, valued at $1,017,373.50. The disclosure for this purchase can be found here. Insiders bought a total of 139,200 shares of company stock worth $1,726,513 in the last ninety days. Corporate insiders own 0.43% of the company’s stock.
NLY has been the topic of a number of research analyst reports. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Annaly Capital Management currently has an average rating of “Hold” and a consensus target price of $11.41.
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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