Today, Creative Planning invests in Annaly Capital Management Inc. (NLY) Shares

Today, Creative Planning invests in Annaly Capital Management Inc. (NLY) Shares
Creative Planning boosted its position in shares of Annaly Capital Management Inc. (NYSE:NLY) by 12.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 188,239 shares of the company’s stock after buying an additional 20,621 shares during the period. Creative Planning’s holdings in Annaly Capital Management were worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NLY. Nisa Investment Advisors LLC bought a new position in Annaly Capital Management during the second quarter worth about $554,000. Denali Advisors LLC boosted its position in Annaly Capital Management by 19.9% in the second quarter. Denali Advisors LLC now owns 549,000 shares of the company’s stock worth $6,077,000 after buying an additional 91,000 shares during the period. NN Investment Partners Holdings N.V. boosted its position in Annaly Capital Management by 75,828.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,171,514 shares of the company’s stock worth $46,178,000 after buying an additional 4,166,020 shares during the period. Daiwa SB Investments Ltd. boosted its position in Annaly Capital Management by 8.6% in the second quarter. Daiwa SB Investments Ltd. now owns 17,950 shares of the company’s stock worth $197,000 after buying an additional 1,420 shares during the period. Finally, British Columbia Investment Management Corp boosted its position in Annaly Capital Management by 11.1% in the second quarter. British Columbia Investment Management Corp now owns 821,829 shares of the company’s stock worth $9,098,000 after buying an additional 82,010 shares during the period. 54.88% of the stock is currently owned by institutional investors.

Shares of Annaly Capital Management Inc. (NYSE:NLY) traded up 0.20% on Friday, hitting $10.10. 2,344,275 shares of the stock traded hands. The company has a market cap of $10.29 billion, a PE ratio of 54.30 and a beta of 0.23. The firm’s 50 day moving average is $10.15 and its 200-day moving average is $10.63. Annaly Capital Management Inc. has a 12 month low of $8.25 and a 12 month high of $11.29.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Annaly Capital Management had a return on equity of 10.78% and a net margin of 15.41%. During the same period in the previous year, the company earned $0.21 earnings per share. Equities analysts predict that Annaly Capital Management Inc. will post $1.17 earnings per share for the current year.

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

Several research analysts recently commented on NLY shares. Deutsche Bank AG raised their price objective on shares of Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Credit Suisse Group AG reissued a “hold” rating and issued a $11.50 price target on shares of Annaly Capital Management in a report on Friday, September 9th. Bank of America Corp. reissued a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a report on Tuesday, November 8th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.06.

In other news, insider David L. Finkelstein purchased 100,000 shares of the business’s stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $10.30 per share, with a total value of $1,030,000.00. Following the completion of the transaction, the insider now owns 200,000 shares of the company’s stock, valued at approximately $2,060,000. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy P. Coffey purchased 30,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were purchased at an average cost of $10.15 per share, for a total transaction of $304,500.00. Following the transaction, the insider now directly owns 38,000 shares of the company’s stock, valued at approximately $385,700. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.

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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