Essex Savings Bank Acquires New Position in ANNALY CAP MGMT/SH (NYSE:NLY)

Essex Savings Bank acquired a new stake in ANNALY CAP MGMT/SH (NYSE:NLY) in the 2nd quarter, Holdings Channel reports. The fund acquired 23,207 shares of the real estate investment trust’s stock, valued at approximately $152,000.

A number of other large investors have also modified their holdings of NLY. Willingdon Wealth Management grew its stake in ANNALY CAP MGMT/SH by 4,583.3% in the 1st quarter. Willingdon Wealth Management now owns 5,620 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 5,500 shares during the period. Trustcore Financial Services LLC grew its stake in ANNALY CAP MGMT/SH by 741.2% in the 1st quarter. Trustcore Financial Services LLC now owns 5,451 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 4,803 shares during the period. Allred Capital Management LLC grew its stake in ANNALY CAP MGMT/SH by 2,280.0% in the 1st quarter. Allred Capital Management LLC now owns 5,950 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 5,700 shares during the period. Marshall Wace LLP acquired a new stake in ANNALY CAP MGMT/SH in the 1st quarter valued at $30,000. Finally, Ellevest Inc. grew its stake in ANNALY CAP MGMT/SH by 92.4% in the 1st quarter. Ellevest Inc. now owns 6,111 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,934 shares during the period. Institutional investors own 52.34% of the company’s stock.

NLY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of ANNALY CAP MGMT/SH from $10.50 to $8.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Bank of America raised their price objective on ANNALY CAP MGMT/SH from $6.50 to $7.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Deutsche Bank raised their price objective on ANNALY CAP MGMT/SH from $7.75 to $8.00 and gave the company a “buy” rating in a report on Thursday. JMP Securities upgraded ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and set a $7.50 price objective on the stock in a report on Thursday, April 30th. Finally, UBS Group decreased their price objective on ANNALY CAP MGMT/SH from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $7.78.

Shares of NYSE NLY traded down $0.07 during trading on Friday, hitting $7.41. 18,045,607 shares of the company were exchanged, compared to its average volume of 13,628,171. ANNALY CAP MGMT/SH has a 12-month low of $3.51 and a 12-month high of $10.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day moving average price of $6.82 and a 200-day moving average price of $7.32. The firm has a market capitalization of $10.60 billion, a PE ratio of 7.80 and a beta of 1.06.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. ANNALY CAP MGMT/SH had a positive return on equity of 11.96% and a negative net margin of 74.09%. The business had revenue of $398.78 million for the quarter, compared to analyst estimates of $205.00 million. During the same quarter in the previous year, the firm earned $0.25 EPS. Research analysts anticipate that ANNALY CAP MGMT/SH will post 0.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.88%. The ex-dividend date was Monday, June 29th. ANNALY CAP MGMT/SH’s payout ratio is 120.00%.

In other ANNALY CAP MGMT/SH news, insider Timothy P. Coffey acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $6.00 per share, with a total value of $300,000.00. Following the transaction, the insider now owns 88,000 shares of the company’s stock, valued at $528,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Serena Wolfe acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average cost of $6.12 per share, with a total value of $122,400.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $122,400. The disclosure for this purchase can be found here. Insiders have purchased a total of 370,000 shares of company stock valued at $2,226,400 over the last three months. Corporate insiders own 0.36% of the company’s stock.

ANNALY CAP MGMT/SH Company Profile

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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