Regent Investment Management LLC Purchases 1,530 Shares of ANNALY CAP MGMT/SH (NYSE:NLY)

Regent Investment Management LLC lifted its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 7.2% in the second quarter, HoldingsChannel.com reports. The firm owned 22,801 shares of the real estate investment trust’s stock after purchasing an additional 1,530 shares during the quarter. Regent Investment Management LLC’s holdings in ANNALY CAP MGMT/SH were worth $150,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thompson Investment Management Inc. boosted its stake in ANNALY CAP MGMT/SH by 15.2% in 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 acquiring an additional 1,525 shares during the last quarter. Firestone Capital Management raised its stake in ANNALY CAP MGMT/SH by 8.9% during the 2nd quarter. Firestone Capital Management now owns 22,000 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 1,800 shares during the period. SeaCrest Wealth Management LLC lifted its position 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 valued at $110,000 after acquiring an additional 1,829 shares in the last quarter. Ameritas Investment Company LLC raised its position 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 valued at $42,000 after buying an additional 1,853 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of ANNALY CAP MGMT/SH by 3.1% during the 2nd quarter. International Assets Investment Management LLC now owns 61,692 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 1,853 shares in the last quarter. 52.34% of the stock is owned by hedge funds and other institutional investors.

NLY has been the subject of several recent research reports. Wells Fargo & Co reduced their target price on shares of ANNALY CAP MGMT/SH from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Friday, May 1st. UBS Group lowered their price target on ANNALY CAP MGMT/SH from $9.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Friday. 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 for the company in a research note on Thursday, April 30th. Finally, Bank of America upped their price target on shares of ANNALY CAP MGMT/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $7.78.

In other ANNALY CAP MGMT/SH news, insider Timothy P. Coffey acquired 50,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $6.00 per share, with a total value of $300,000.00. Following the acquisition, the insider now directly owns 88,000 shares of the company’s stock, valued at approximately $528,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David L. Finkelstein bought 100,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were acquired at an average price of $6.12 per share, for a total transaction of $612,000.00. Following the transaction, the chief executive officer now owns 500,000 shares in the company, valued at $3,060,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 370,000 shares of company stock worth $2,226,400 in the last quarter. Company insiders own 0.36% of the company’s stock.

ANNALY CAP MGMT/SH stock opened at $7.41 on Friday. The company’s 50-day moving average price is $6.82 and its two-hundred day moving average price is $7.32. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. The stock has a market cap of $10.60 billion, a P/E ratio of -4.33 and a beta of 1.06. ANNALY CAP MGMT/SH has a twelve month low of $3.51 and a twelve month high of $10.50.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $398.78 million for the quarter, compared to the consensus estimate of $205.00 million. ANNALY CAP MGMT/SH had a positive return on equity of 11.96% and a negative net margin of 74.09%. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts anticipate that ANNALY CAP MGMT/SH will post 0.91 earnings per share for the current fiscal year.

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

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.

Further Reading: What is the Dividend Aristocrat Index?

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANNALY CAP MGMT/SH (NYSE:NLY).

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

Receive News & Ratings for ANNALY CAP MGMT/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY CAP MGMT/SH and related companies with MarketBeat.com's FREE daily email newsletter.