LSV Asset Management trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,047,542 shares of the real estate investment trust's stock after selling 192,628 shares during the period. LSV Asset Management owned 0.61% of Annaly Capital Management worth $59,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Selway Asset Management acquired a new position in shares of Annaly Capital Management in the third quarter valued at about $26,000. GAMMA Investing LLC acquired a new position in Annaly Capital Management in the 4th quarter worth approximately $33,000. BluePath Capital Management LLC acquired a new position in Annaly Capital Management in the 3rd quarter worth approximately $34,000. Central Bank & Trust Co. purchased a new position in Annaly Capital Management during the 4th quarter worth approximately $34,000. Finally, NBC Securities Inc. acquired a new stake in Annaly Capital Management during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 51.56% of the company's stock.
Annaly Capital Management Price Performance
NYSE NLY traded up $0.28 during trading hours on Friday, reaching $19.35. The company's stock had a trading volume of 3,084,293 shares, compared to its average volume of 3,416,167. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The company's 50-day moving average is $19.14 and its two-hundred day moving average is $18.67. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of -19.95 and a beta of 1.54.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period in the prior year, the company posted $0.81 EPS. On average, equities analysts predict that Annaly Capital Management, Inc. will post 2.62 EPS for the current year.
Annaly Capital Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Annaly Capital Management's payout ratio is -268.04%.
Wall Street Analyst Weigh In
NLY has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, April 18th. StockNews.com raised Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, January 27th. Jonestrading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, April 25th. Finally, Compass Point assumed coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They set a "buy" rating and a $22.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.08.
Check Out Our Latest Analysis on Annaly Capital Management
Insiders Place Their Bets
In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares of the company's stock, valued at $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.
About Annaly Capital Management
(
Free Report)
Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.
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