Squar Milner Financial Services LLC reduced its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 9.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,723 shares of the real estate investment trust’s stock after selling 6,665 shares during the period. Squar Milner Financial Services LLC’s holdings in ANNALY CAP MGMT/SH were worth $591,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NLY. Geode Capital Management LLC raised its position in shares of ANNALY CAP MGMT/SH by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after acquiring an additional 2,661,206 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of ANNALY CAP MGMT/SH by 3.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 32,201 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,106 shares in the last quarter. First Hawaiian Bank increased its position in ANNALY CAP MGMT/SH by 111.2% in the first quarter. First Hawaiian Bank now owns 21,804 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 11,480 shares during the period. Legacy Advisors LLC acquired a new stake in ANNALY CAP MGMT/SH in the first quarter worth $585,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in ANNALY CAP MGMT/SH in the first quarter worth $2,392,000. 56.94% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Thomas Edward Hamilton bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $9.47 per share, with a total value of $284,100.00. Following the completion of the purchase, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $1,231,100. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CIO David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $9.56 per share, with a total value of $956,000.00. Following the purchase, the executive now directly owns 400,000 shares of the company’s stock, valued at $3,824,000. The disclosure for this purchase can be found here. Insiders have purchased 182,780 shares of company stock valued at $1,743,037 in the last ninety days. Company insiders own 0.34% of the company’s stock.
NYSE NLY traded down $0.22 during trading hours on Monday, hitting $9.20. The company had a trading volume of 317,019 shares, compared to its average volume of 11,464,200. ANNALY CAP MGMT/SH has a fifty-two week low of $8.74 and a fifty-two week high of $10.76. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $9.28. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 7.66 and a beta of 0.39.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a positive return on equity of 12.14% and a negative net margin of 155.89%. The business had revenue of $177.38 million during the quarter, compared to the consensus estimate of $402.00 million. During the same period in the previous year, the company posted $0.30 EPS. On average, equities research analysts expect that ANNALY CAP MGMT/SH will post 1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 10.87%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
ANNALY CAP MGMT/SH Company Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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