Annaly Capital Management Inc (NLY) Stake Lessened by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 45.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,985 shares of the real estate investment trust’s stock after selling 11,708 shares during the quarter. Penserra Capital Management LLC’s holdings in Annaly Capital Management were worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of 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 valued at $4,166,000 after acquiring an additional 11,205 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of Annaly Capital Management during the 3rd quarter valued at about $300,000. Highstreet Asset Management Inc. boosted its holdings in shares of Annaly Capital Management by 159.0% during the 3rd quarter. Highstreet Asset Management Inc. now owns 66,466 shares of the real estate investment trust’s stock valued at $810,000 after acquiring an additional 40,804 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Annaly Capital Management by 51.0% during the 3rd quarter. Korea Investment CORP now owns 491,036 shares of the real estate investment trust’s stock valued at $5,986,000 after acquiring an additional 165,800 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Annaly Capital Management by 14.9% during the 3rd quarter. Aperio Group LLC now owns 1,335,798 shares of the real estate investment trust’s stock valued at $16,283,000 after acquiring an additional 172,817 shares during the last quarter. 49.70% of the stock is currently owned by hedge funds and other institutional investors.

NLY has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.25 price objective on shares of Annaly Capital Management in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, September 26th. Finally, BidaskClub downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.69.

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In other Annaly Capital Management news, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were purchased at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the transaction, the insider now directly owns 300,000 shares of the company’s stock, valued at approximately $3,747,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donnell Segalas bought 8,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $12.09 per share, for a total transaction of $96,720.00. Following the transaction, the director now directly owns 84,150 shares in the company, valued at $1,017,373.50. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 139,200 shares of company stock worth $1,726,513. Insiders own 0.43% of the company’s stock.

Shares of Annaly Capital Management Inc (NYSE:NLY) opened at 11.46 on Wednesday. The firm’s 50-day moving average is $12.19 and its 200-day moving average is $12.07. Annaly Capital Management Inc has a 1-year low of $9.83 and a 1-year high of $12.73. The company has a market cap of $12.47 billion, a PE ratio of 3.96 and a beta of 0.28.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The business had revenue of $315.15 million for the quarter, compared to analyst estimates of $424.18 million. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts forecast that Annaly Capital Management Inc will post $1.20 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were given a $0.30 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.20 annualized dividend and a yield of 10.47%. Annaly Capital Management’s dividend payout ratio is presently 41.52%.

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

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