MCF Advisors LLC Has $87,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

26 Oct 2024, 17:31 by Danessa Lincoln · The Markets Daily

MCF Advisors LLC lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 94.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,219 shares of the real estate investment trust’s stock after purchasing an additional 2,047 shares during the period. MCF Advisors LLC’s holdings in Annaly Capital Management were worth $87,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NLY. Algebris UK Ltd lifted its position in shares of Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after buying an additional 2,671,236 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Annaly Capital Management by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after acquiring an additional 1,342,056 shares during the period. Cetera Investment Advisers lifted its holdings in Annaly Capital Management by 454.6% during the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock valued at $19,898,000 after purchasing an additional 828,325 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Annaly Capital Management by 171.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,033,609 shares of the real estate investment trust’s stock valued at $19,565,000 after acquiring an additional 652,540 shares during the last quarter. Finally, Swedbank AB acquired a new position in Annaly Capital Management in the first quarter worth $12,781,000. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NLY shares. Compass Point lifted their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $21.38.

Get Our Latest Stock Report on Annaly Capital Management

Annaly Capital Management Trading Down 1.1 %

NLY stock traded down $0.21 during trading on Friday, reaching $19.49. 5,521,665 shares of the stock were exchanged, compared to its average volume of 4,057,654. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.11. The firm’s 50 day moving average is $20.09 and its 200 day moving average is $19.74. The firm has a market cap of $10.49 billion, a P/E ratio of -14.64 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.34%. Annaly Capital Management’s dividend payout ratio is currently -195.49%.

Insider Transactions at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

About Annaly Capital Management

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