JPMorgan Chase & Co. Purchases 293,546 Shares of Annaly Capital Management Inc (NLY)
JPMorgan Chase & Co. boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 57.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 802,559 shares of the real estate investment trust’s stock after acquiring an additional 293,546 shares during the period. JPMorgan Chase & Co. owned 0.07% of Annaly Capital Management worth $9,823,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Nationwide Fund Advisors raised its position in shares of Annaly Capital Management by 33.9% during the third quarter. Nationwide Fund Advisors now owns 1,276,878 shares of the real estate investment trust’s stock worth $15,565,000 after purchasing an additional 323,384 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Annaly Capital Management by 3.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 341,744 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 11,205 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in Annaly Capital Management by 296.6% during the 2nd quarter. Suntrust Banks Inc. now owns 54,705 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 40,913 shares during the last quarter. Stuyvesant Capital Management lifted its holdings in Annaly Capital Management by 5.6% during the 2nd quarter. Stuyvesant Capital Management now owns 234,375 shares of the real estate investment trust’s stock worth $2,824,000 after purchasing an additional 12,500 shares during the last quarter. Finally, PGGM Investments lifted its holdings in Annaly Capital Management by 109.0% during the 3rd quarter. PGGM Investments now owns 3,007,293 shares of the real estate investment trust’s stock worth $36,659,000 after purchasing an additional 1,568,450 shares during the last quarter. Institutional investors and hedge funds own 54.50% of the company’s stock.
Annaly Capital Management Inc (NYSE:NLY) opened at $12.05 on Friday. The firm has a market capitalization of $13,972.49, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 2.30 and a beta of 0.22. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management Inc has a fifty-two week low of $9.85 and a fifty-two week high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. Annaly Capital Management had a return on equity of 11.59% and a net margin of 104.56%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. equities research analysts anticipate that Annaly Capital Management Inc will post 1.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.96%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 48.00%.
In other Annaly Capital Management news, CFO Glenn Votek purchased 25,000 shares of the stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $11.73 per share, with a total value of $293,250.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Wellington Denahan purchased 125,280 shares of the stock in a transaction dated Thursday, December 7th. The shares were acquired at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the acquisition, the chairman now directly owns 1,798,414 shares in the company, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. Insiders have bought a total of 460,080 shares of company stock valued at $5,239,984 in the last three months. 0.43% of the stock is owned by insiders.
Several analysts recently weighed in on NLY shares. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, October 6th. ValuEngine cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $12.21.
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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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