Annaly Capital Management Inc (NLY) Shares Sold by CIBC World Markets Inc.
CIBC World Markets Inc. lessened its stake in Annaly Capital Management Inc (NYSE:NLY) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,126 shares of the real estate investment trust’s stock after selling 3,095 shares during the quarter. CIBC World Markets Inc.’s holdings in Annaly Capital Management were worth $1,725,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in NLY. North Star Investment Management Corp. increased its holdings in shares of Annaly Capital Management by 12.5% in the 2nd quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,028 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 2,903.2% in the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 9,000 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at about $113,000. Cornerstone Wealth Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at about $116,000. Finally, Northstar Wealth Partners LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at about $123,000. Institutional investors and hedge funds own 51.90% of the company’s stock.
Shares of Annaly Capital Management Inc (NLY) opened at 12.44 on Wednesday. The firm has a market capitalization of $13.54 billion, a PE ratio of 4.30 and a beta of 0.28. Annaly Capital Management Inc has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a 50-day moving average of $12.24 and a 200-day moving average of $11.80.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.
In other Annaly Capital Management news, insider David L. Finkelstein purchased 100,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the transaction, the insider now owns 300,000 shares in the company, valued at $3,747,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donnell Segalas purchased 8,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the completion of the transaction, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 139,200 shares of company stock worth $1,726,513. 0.43% of the stock is owned by company insiders.
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A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Thursday, August 3rd. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus price target 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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