The Wright Investors Service Inc. Reached $264,000 position of Annaly Capital Management Inc. (NLY)

The Wright Investors Service Inc. Reached $264,000 position  of Annaly Capital Management Inc. (NLY)

Wright Investors Service Inc. boosted its stake in Annaly Capital Management Inc. (NYSE:NLY) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 23,844 shares of the company’s stock after buying an additional 267 shares during the period. Wright Investors Service Inc.’s holdings in Annaly Capital Management were worth $264,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Annaly Capital Management by 89.9% in the first quarter. Renaissance Technologies LLC now owns 13,768,700 shares of the company’s stock valued at $141,267,000 after buying an additional 6,519,800 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Annaly Capital Management during the second quarter valued at $55,079,000. Bank of Montreal Can purchased a new stake in shares of Annaly Capital Management during the second quarter valued at $47,372,000. NN Investment Partners Holdings N.V. boosted its stake in shares of 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 valued at $46,178,000 after buying an additional 4,166,020 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Annaly Capital Management by 670.4% in the second quarter. Acadian Asset Management LLC now owns 3,083,223 shares of the company’s stock valued at $34,131,000 after buying an additional 2,683,001 shares in the last quarter. Institutional investors and hedge funds own 54.13% of the company’s stock.

Annaly Capital Management Inc. (NYSE:NLY) traded up 0.29% on Friday, hitting $10.22. The stock had a trading volume of 5,684,846 shares. Annaly Capital Management Inc. has a 52-week low of $8.25 and a 52-week high of $11.29. The company’s market cap is $10.17 billion. The firm’s 50-day moving average is $10.35 and its 200-day moving average is $10.67.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same period in the previous year, the firm earned $0.41 earnings per share. Equities research analysts anticipate that Annaly Capital Management Inc. will post $1.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a $0.2641 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.06 annualized dividend and a dividend yield of 10.34%. Annaly Capital Management’s dividend payout ratio is presently -83.46%.

Several equities research analysts have weighed in on NLY shares. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, October 12th. Deutsche Bank AG upped their target price on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Keefe, Bruyette & Woods upped their target price on Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a report on Monday, August 8th. Credit Suisse Group AG reiterated a “hold” rating and issued a $11.50 target price on shares of Annaly Capital Management in a report on Friday, September 9th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $11.00 target price on shares of Annaly Capital Management in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

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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