HL Financial Services LLC grew its position in Annaly Capital Management, Inc. (NYSE:NLY) by 186.3% during the fourth quarter, HoldingsChannel reports. The firm owned 110,880 shares of the real estate investment trust’s stock after acquiring an additional 72,153 shares during the period. HL Financial Services LLC’s holdings in Annaly Capital Management were worth $1,318,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new stake in Annaly Capital Management during the 4th quarter worth $1,706,000. LSV Asset Management raised its stake in Annaly Capital Management by 10.0% during the 4th quarter. LSV Asset Management now owns 22,726,268 shares of the real estate investment trust’s stock worth $270,215,000 after acquiring an additional 2,059,300 shares in the last quarter. Wesbanco Bank Inc. raised its stake in Annaly Capital Management by 14.4% during the 4th quarter. Wesbanco Bank Inc. now owns 55,626 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 7,000 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Annaly Capital Management during the 4th quarter worth $332,000. Finally, Twin Capital Management Inc. raised its stake in Annaly Capital Management by 6.9% during the 4th quarter. Twin Capital Management Inc. now owns 190,060 shares of the real estate investment trust’s stock worth $2,260,000 after acquiring an additional 12,250 shares in the last quarter. Hedge funds and other institutional investors own 55.14% of the company’s stock.
Several equities research analysts recently commented on NLY shares. Zacks Investment Research lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.21.
Annaly Capital Management, Inc. (NYSE NLY) opened at $10.36 on Monday. Annaly Capital Management, Inc. has a 52-week low of $10.28 and a 52-week high of $12.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market cap of $12,012.87, a price-to-earnings ratio of 4.14, a price-to-earnings-growth ratio of 1.92 and a beta of 0.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.58%. The ex-dividend date of this dividend was Thursday, December 28th. Annaly Capital Management’s payout ratio is currently 48.00%.
In other news, CFO Glenn Votek bought 25,000 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $11.73 per share, with a total value of $293,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donnell Segalas bought 9,800 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $111,132.00. Following the acquisition, the director now owns 102,450 shares of the company’s stock, valued at $1,161,783. The disclosure for this purchase can be found here. Insiders have acquired a total of 160,080 shares of company stock worth $1,903,984 over the last three months. 0.43% of the stock is currently owned by insiders.
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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.
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