Essex Savings Bank Acquires New Holdings in ANNALY CAP MGMT/SH (NYSE:NLY)

Essex Savings Bank purchased a new stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,207 shares of the real estate investment trust’s stock, valued at approximately $152,000.

Several other hedge funds have also added to or reduced their stakes in the company. Thompson Investment Management Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 15.2% during the second quarter. Thompson Investment Management Inc. now owns 11,540 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,525 shares in the last quarter. Regent Investment Management LLC raised its holdings in ANNALY CAP MGMT/SH by 7.2% in the 2nd quarter. Regent Investment Management LLC now owns 22,801 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,530 shares in the last quarter. Firestone Capital Management raised its holdings in ANNALY CAP MGMT/SH by 8.9% in the 2nd quarter. Firestone Capital Management now owns 22,000 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 1,800 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in ANNALY CAP MGMT/SH by 9.2% in the 1st quarter. SeaCrest Wealth Management LLC now owns 21,708 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,829 shares in the last quarter. Finally, Ameritas Investment Company LLC raised its holdings in ANNALY CAP MGMT/SH by 27.1% in the 1st quarter. Ameritas Investment Company LLC now owns 8,684 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,853 shares in the last quarter. 52.34% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on NLY shares. Deutsche Bank upped their price objective on shares of ANNALY CAP MGMT/SH from $7.75 to $8.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research downgraded shares of ANNALY CAP MGMT/SH from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research report on Friday. Piper Sandler started coverage on shares of ANNALY CAP MGMT/SH in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $8.25 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of ANNALY CAP MGMT/SH from $10.50 to $8.50 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, JMP Securities raised shares of ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and set a $7.50 target price on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $7.78.

Shares of NYSE:NLY traded down $0.07 during trading on Friday, hitting $7.41. The company’s stock had a trading volume of 18,045,607 shares, compared to its average volume of 13,628,171. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.15. ANNALY CAP MGMT/SH has a 12 month low of $3.51 and a 12 month high of $10.50. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 7.80 and a beta of 1.06. The company has a 50-day moving average of $6.82 and a 200-day moving average of $7.32.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. ANNALY CAP MGMT/SH had a negative net margin of 74.09% and a positive return on equity of 11.96%. The business had revenue of $398.78 million for the quarter, compared to the consensus estimate of $205.00 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, research analysts anticipate that ANNALY CAP MGMT/SH will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 11.88%. The ex-dividend date of this dividend was Monday, June 29th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 120.00%.

In related news, CFO Serena Wolfe bought 20,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of $6.12 per share, with a total value of $122,400.00. Following the completion of the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $122,400. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David L. Finkelstein bought 100,000 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $6.12 per share, for a total transaction of $612,000.00. Following the acquisition, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this purchase can be found here. Insiders have acquired 370,000 shares of company stock worth $2,226,400 in the last ninety days. Insiders own 0.36% of the company’s stock.

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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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