Americafirst Capital Management LLC Acquires New Position in Annaly Capital Management Inc (NLY)
Americafirst Capital Management LLC acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 79,333 shares of the real estate investment trust’s stock, valued at approximately $956,000.
A number of other hedge funds have also recently bought and sold shares of NLY. Comerica Bank lifted its stake in 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 buying an additional 12,743 shares in the last quarter. Sei Investments Co. lifted its stake in 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 buying an additional 76,123 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 buying an additional 301,232 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 480,114 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Annaly Capital Management during the first quarter valued at about $496,000. 51.34% of the stock is owned by institutional investors.
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Shares of Annaly Capital Management Inc (NLY) traded up 0.205% during trading on Friday, hitting $12.195. The stock had a trading volume of 1,286,630 shares. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 4.215 and a beta of 0.28. The firm has a 50 day moving average of $12.33 and a 200 day moving average of $12.00. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. During the same quarter in the previous year, the business posted $0.29 EPS. Analysts expect that Annaly Capital Management Inc will post $1.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Thursday, September 28th. Annaly Capital Management’s payout ratio is 41.52%.
In other news, Director Donnell Segalas bought 8,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the purchase, the director now owns 84,150 shares of the company’s stock, valued at approximately $1,017,373.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David L. Finkelstein bought 100,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the purchase, the insider now directly owns 300,000 shares in the company, valued at approximately $3,747,000. The disclosure for this purchase can be found here. Insiders acquired a total of 139,200 shares of company stock worth $1,726,513 in the last 90 days. Company insiders own 0.43% of the company’s stock.
A number of analysts have commented on NLY shares. Zacks Investment Research raised 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 note on Friday, October 6th. ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two 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 an average price target of $11.69.
Annaly Capital Management 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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