Schafer Cullen Capital Management Inc Invests $318,000 in ANNALY CAP MGMT/SH (NYSE:NLY)

Schafer Cullen Capital Management Inc purchased a new position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,440 shares of the real estate investment trust’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also modified their holdings of NLY. Northern Oak Wealth Management Inc. grew its holdings in ANNALY CAP MGMT/SH by 11.7% in the 2nd quarter. Northern Oak Wealth Management Inc. now owns 31,600 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 3,300 shares during the period. Janney Montgomery Scott LLC increased its position in ANNALY CAP MGMT/SH by 12.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 371,786 shares of the real estate investment trust’s stock worth $3,394,000 after purchasing an additional 40,850 shares during the last quarter. Claraphi Advisory Network LLC increased its position in ANNALY CAP MGMT/SH by 354.5% in the 2nd quarter. Claraphi Advisory Network LLC now owns 62,021 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 48,376 shares during the last quarter. Lake Street Financial LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the 2nd quarter valued at about $142,000. Finally, SG Americas Securities LLC increased its holdings in shares of ANNALY CAP MGMT/SH by 36.4% during the 2nd quarter. SG Americas Securities LLC now owns 828,931 shares of the real estate investment trust’s stock valued at $7,568,000 after acquiring an additional 221,322 shares during the last quarter. 56.94% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on NLY shares. ValuEngine downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. UBS Group initiated coverage on ANNALY CAP MGMT/SH in a research report on Friday, June 21st. They issued a “buy” rating and a $9.50 price target on the stock. Finally, Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.33.

In related news, CIO David L. Finkelstein acquired 100,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $9.56 per share, for a total transaction of $956,000.00. Following the completion of the transaction, the executive now directly owns 400,000 shares in the company, valued at $3,824,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Edward Hamilton acquired 30,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $9.47 per share, for a total transaction of $284,100.00. Following the transaction, the director now owns 130,000 shares of the company’s stock, valued at $1,231,100. The disclosure for this purchase can be found here. Insiders have bought a total of 182,780 shares of company stock valued at $1,743,037 over the last ninety days. 0.34% of the stock is currently owned by insiders.

ANNALY CAP MGMT/SH stock traded down $0.09 during trading hours on Friday, reaching $9.44. 9,907,995 shares of the company’s stock were exchanged, compared to its average volume of 12,806,369. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.08. The stock’s 50 day moving average price is $9.31. ANNALY CAP MGMT/SH has a twelve month low of $8.74 and a twelve month high of $10.76. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 7.87 and a beta of 0.39.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.04%. 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 business posted $0.30 EPS. On average, research analysts expect that ANNALY CAP MGMT/SH will post 1.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.59%. The ex-dividend date of this dividend was Thursday, June 27th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

ANNALY CAP MGMT/SH 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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