Annaly Capital Management Inc. (NLY) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas increased its position in shares of Annaly Capital Management Inc. (NYSE:NLY) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,397,417 shares of the company’s stock after buying an additional 25,107 shares during the period. Teacher Retirement System of Texas owned 0.14% of Annaly Capital Management worth $14,673,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Annaly Capital Management by 17.1% in the second quarter. BlackRock Fund Advisors now owns 45,889,718 shares of the company’s stock worth $507,999,000 after buying an additional 6,714,139 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Annaly Capital Management during the second quarter worth approximately $55,079,000. Wells Fargo & Company MN increased its position in shares of Annaly Capital Management by 359.1% in the third quarter. Wells Fargo & Company MN now owns 5,725,179 shares of the company’s stock worth $60,114,000 after buying an additional 4,478,210 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Annaly Capital Management during the second quarter worth approximately $47,372,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Annaly Capital Management by 563.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,997,396 shares of the company’s stock worth $55,321,000 after buying an additional 4,244,697 shares in the last quarter. Institutional investors own 54.67% of the company’s stock.
Annaly Capital Management Inc. (NYSE:NLY) traded up 0.734% during midday trading on Tuesday, hitting $10.295. 1,594,219 shares of the stock traded hands. The stock has a market cap of $10.49 billion, a PE ratio of 55.349 and a beta of 0.23. The company has a 50-day moving average of $10.16 and a 200-day moving average of $10.62. Annaly Capital Management Inc. has a 1-year low of $8.25 and a 1-year high of $11.29.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, equities analysts expect that Annaly Capital Management Inc. will post $1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were issued a dividend of $0.2641 per share. This represents a $1.06 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend was Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio is currently 963.64%.
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NLY has been the topic of a number of research reports. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, October 12th. Keefe, Bruyette & Woods raised their target price on shares of Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Monday, August 8th. Credit Suisse Group AG set a $12.00 target price on shares of Annaly Capital Management and gave the company a “hold” rating in a research note on Friday, November 11th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $11.00 target price on shares of Annaly Capital Management in a research note on Friday, August 5th. Finally, Bank of America Corp. reissued a “hold” rating and issued a $11.00 target price on shares of Annaly Capital Management in a research note on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.06.
In related news, insider David L. Finkelstein bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average cost of $10.30 per share, for a total transaction of $1,030,000.00. Following the purchase, the insider now directly owns 200,000 shares in the company, valued at $2,060,000. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy P. Coffey bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $10.15 per share, with a total value of $304,500.00. Following the completion of the purchase, the insider now owns 38,000 shares in the company, valued at $385,700. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
About Annaly Capital Management
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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