Annaly Capital Management Inc (NLY) Shares Sold by Meridian Investment Counsel Inc.
Meridian Investment Counsel Inc. lessened its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,050 shares of the real estate investment trust’s stock after selling 2,575 shares during the period. Annaly Capital Management accounts for approximately 1.2% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 20th biggest position. Meridian Investment Counsel Inc.’s holdings in Annaly Capital Management were worth $2,061,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in shares of Annaly Capital Management by 12.5% during the 2nd quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,028 shares during the last quarter. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 2,903.2% during the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 9,000 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter worth about $116,000. Pointe Capital Management LLC acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth about $127,000. Finally, Brighton Jones LLC acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth about $130,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was bought at an average price 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 approximately $3,747,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donnell Segalas bought 8,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $12.09 per share, with a total value of $96,720.00. Following 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. In the last 90 days, insiders have acquired 139,200 shares of company stock valued at $1,726,513. 0.43% of the stock is currently owned by company insiders.
Annaly Capital Management Inc (NYSE:NLY) traded down 0.41% during mid-day trading on Friday, reaching $12.19. 8,048,761 shares of the company’s stock were exchanged. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The stock has a market capitalization of $13.26 billion, a PE ratio of 4.21 and a beta of 0.28. The firm’s 50-day moving average is $12.32 and its 200 day moving average is $11.86. Annaly Capital Management also saw unusually large options trading activity on Wednesday. Investors purchased 12,133 call options on the company. This represents an increase of approximately 1,621% compared to the average daily volume of 705 call options.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $315.15 million during 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 business posted $0.29 earnings per share. Analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s payout ratio is currently 41.52%.
Several research analysts recently weighed in on NLY shares. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday. ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.69.
About Annaly Capital Management
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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