NFC Investments LLC grew its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 39,200 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. NFC Investments LLC’s holdings in Annaly Capital Management were worth $472,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NLY. Comerica Bank raised its stake in shares of Annaly Capital Management by 13.9% during the first quarter. Comerica Bank now owns 104,449 shares of the real estate investment trust’s stock valued at $1,252,000 after acquiring an additional 12,743 shares during the last quarter. Sei Investments Co. raised its stake in shares of Annaly Capital Management by 1,803.0% during the first quarter. Sei Investments Co. now owns 80,345 shares of the real estate investment trust’s stock valued at $893,000 after acquiring an additional 76,123 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Annaly Capital Management by 66.9% during the first quarter. Ameriprise Financial Inc. now owns 751,364 shares of the real estate investment trust’s stock valued at $8,354,000 after acquiring an additional 301,232 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Annaly Capital Management by 55.1% during the first quarter. JPMorgan Chase & Co. now owns 1,351,587 shares of the real estate investment trust’s stock valued at $15,016,000 after acquiring an additional 480,114 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Annaly Capital Management during the first quarter valued at $496,000. 51.34% of the stock is owned by hedge funds and other institutional investors.

In related news, insider David L. Finkelstein acquired 100,000 shares of Annaly Capital Management stock in a transaction on Friday, September 1st. The shares were acquired at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the transaction, the insider now owns 300,000 shares in the company, valued at $3,747,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Francine J. Bovich acquired 13,500 shares of Annaly Capital Management stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $165,915.00. Following the completion of the transaction, the director now owns 13,500 shares in the company, valued at approximately $165,915. The disclosure for this purchase can be found here. Insiders have purchased a total of 139,200 shares of company stock valued at $1,726,513 over the last quarter. 0.43% of the stock is currently owned by company insiders.

Annaly Capital Management Inc (NYSE:NLY) traded down 2.10% during midday trading on Friday, hitting $12.12. 48,909,234 shares of the stock traded hands. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 4.19 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 stock’s 50-day moving average price is $12.37 and its 200 day moving average price is $11.97.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. The company had revenue of $315.15 million during the quarter, compared to analyst estimates of $424.18 million. During the same period in the prior year, the business posted $0.29 EPS. On average, equities research analysts predict that Annaly Capital Management Inc will post $1.20 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a yield of 9.90%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.

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Several research firms have recently issued reports on NLY. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Annaly Capital Management presently has an average rating of “Buy” and a consensus target price 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.

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

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