Todays Report: Today: Annaly Capital Management Inc. (NLY) Stake Increased by Sigma Planning Corp

Today: Annaly Capital Management Inc. (NLY) Stake Increased by Sigma Planning Corp

Sigma Planning Corp raised its position in Annaly Capital Management Inc. (NYSE:NLY) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,669 shares of the company’s stock after buying an additional 5,543 shares during the period. Sigma Planning Corp’s holdings in Annaly Capital Management were worth $868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NLY. Quadrature Capital Ltd acquired a new position in Annaly Capital Management during the second quarter worth $3,367,000. Global X Management Co. LLC raised its position in Annaly Capital Management by 10.7% in the second quarter. Global X Management Co. LLC now owns 1,363,016 shares of the company’s stock worth $15,089,000 after buying an additional 132,086 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Annaly Capital Management by 87.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,600,100 shares of the company’s stock worth $28,783,000 after buying an additional 1,212,500 shares during the last quarter. Prospera Financial Services Inc raised its position in Annaly Capital Management by 82.3% in the second quarter. Prospera Financial Services Inc now owns 25,117 shares of the company’s stock worth $278,000 after buying an additional 11,336 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new position in Annaly Capital Management during the second quarter worth $24,404,000. 54.67% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Inc. (NYSE:NLY) opened at 10.10 on Monday. The stock’s 50 day moving average price is $10.15 and its 200-day moving average price is $10.63. The firm has a market cap of $10.29 billion, a PE ratio of 54.30 and a beta of 0.23. 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 EPS for the quarter, meeting the Zacks’ 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 quarter in the prior year, the business earned $0.21 earnings per share. Equities research analysts anticipate that Annaly Capital Management Inc. will post $1.17 earnings per share for the current fiscal year.

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

A number of research firms recently weighed in on NLY. Zacks Investment Research upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, October 12th. Credit Suisse Group AG set a $12.00 price target on Annaly Capital Management and gave the company a “hold” rating in a research note on Friday, November 11th. Deutsche Bank AG boosted their price target on Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Bank of America Corp. restated a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a research note on Tuesday, November 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Monday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.06.

In other news, insider Timothy P. Coffey bought 30,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 38,000 shares of the company’s stock, valued at approximately $385,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 200,000 shares of the company’s stock, valued at $2,060,000. 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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