RMR Advisors LLC lifted its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 18.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 319,998 shares of the real estate investment trust’s stock after purchasing an additional 50,000 shares during the period. RMR Advisors LLC’s holdings in ANNALY CAP MGMT/SH were worth $3,197,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in ANNALY CAP MGMT/SH by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 5,012,310 shares of the real estate investment trust’s stock valued at $51,276,000 after acquiring an additional 242,208 shares during the last quarter. Franklin Resources Inc. boosted its holdings in ANNALY CAP MGMT/SH by 20.8% during the third quarter. Franklin Resources Inc. now owns 315,206 shares of the real estate investment trust’s stock worth $3,225,000 after buying an additional 54,204 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in ANNALY CAP MGMT/SH during the third quarter worth $497,000. LPL Financial LLC boosted its holdings in ANNALY CAP MGMT/SH by 26.2% during the third quarter. LPL Financial LLC now owns 871,991 shares of the real estate investment trust’s stock worth $8,920,000 after buying an additional 180,820 shares in the last quarter. Finally, Verition Fund Management LLC boosted its holdings in ANNALY CAP MGMT/SH by 149.3% during the third quarter. Verition Fund Management LLC now owns 111,599 shares of the real estate investment trust’s stock worth $1,142,000 after buying an additional 66,843 shares in the last quarter. 53.80% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:NLY remained flat at $$10.01 during midday trading on Wednesday. 2,376,741 shares of the stock traded hands, compared to its average volume of 14,275,518. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $14.01 billion, a P/E ratio of 8.34 and a beta of 0.24. ANNALY CAP MGMT/SH has a 12-month low of $9.57 and a 12-month high of $10.78.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $272.90 million for the quarter, compared to the consensus estimate of $383.65 million. ANNALY CAP MGMT/SH had a net margin of 1.98% and a return on equity of 12.39%. During the same period last year, the firm posted $0.31 earnings per share. As a group, analysts expect that ANNALY CAP MGMT/SH will post 1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.99%. The ex-dividend date is Thursday, March 28th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
A number of brokerages recently issued reports on NLY. Nomura began coverage on shares of ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They set a “buy” rating and a $11.00 price target on the stock. Keefe, Bruyette & Woods raised shares of ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $10.00 to $10.50 in a report on Sunday, January 13th. Zacks Investment Research downgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. ValuEngine downgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.83.
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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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