Trade Report: Today, Annaly Capital Management Inc. (NLY) Stake Held by Diversified Trust Co

Today, Annaly Capital Management Inc. (NLY) Stake Held by Diversified Trust Co

Diversified Trust Co maintained its position in Annaly Capital Management Inc. (NYSE:NLY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,500 shares of the company’s stock at the end of the third quarter. Diversified Trust Co’s holdings in Annaly Capital Management were worth $121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in Annaly Capital Management during the second quarter worth approximately $101,000. Balentine LLC acquired a new position in Annaly Capital Management during the second quarter worth approximately $105,000. Penserra Capital Management LLC increased its position in Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock worth $112,000 after buying an additional 189 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock worth $115,000 after buying an additional 4,636 shares during the period. Finally, Garrison Bradford & Associates Inc. acquired a new position in Annaly Capital Management during the second quarter worth approximately $116,000. 54.88% of the stock is currently owned by institutional investors.

Annaly Capital Management Inc. (NYSE:NLY) traded up 0.20% during trading on Friday, reaching $10.10. 2,344,275 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.29 billion, a PE ratio of 54.30 and a beta of 0.23. The stock has a 50-day moving average of $10.14 and a 200-day moving average of $10.64. Annaly Capital Management Inc. has a 52 week low of $8.25 and a 52 week high of $11.29.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, November 2nd. The company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter last year, the business earned $0.21 EPS. On average, equities research analysts anticipate that Annaly Capital Management Inc. will post $1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a dividend of $0.2641 per share. The ex-dividend date was Wednesday, September 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.46%. Annaly Capital Management’s payout ratio is 963.64%.

A number of research 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 $11.00 target price on the stock in a research report on Wednesday, October 12th. JPMorgan Chase & Co. restated a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a report on Friday, August 5th. Credit Suisse Group AG set a $12.00 price target on shares of Annaly Capital Management and gave the company a “hold” rating in a report on Friday, November 11th. Bank of America Corp. restated a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a report on Tuesday, November 8th. Finally, Deutsche Bank AG raised their price target on shares of Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Annaly Capital Management presently has an average rating of “Hold” and an average price target of $11.06.

In other Annaly Capital Management news, insider David L. Finkelstein purchased 100,000 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average cost of $10.30 per share, with a total value of $1,030,000.00. Following the completion of the acquisition, the insider now directly owns 200,000 shares of the company’s stock, valued at approximately $2,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy P. Coffey purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $10.15 per share, with a total value of $304,500.00. Following the completion of the acquisition, the insider now directly owns 38,000 shares of the company’s stock, valued at $385,700. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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