Millennium Management LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 619,024 shares of the real estate investment trust’s stock, valued at approximately $6,370,000. Millennium Management LLC owned approximately 0.05% of ANNALY Cap Mgmt/SH at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Mycio Wealth Partners LLC bought a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter valued at about $103,000. FormulaFolio Investments LLC bought a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter valued at about $107,000. O Dell Group LLC bought a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter valued at about $107,000. Campbell & CO Investment Adviser LLC bought a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter valued at about $116,000. Finally, Good Life Advisors LLC purchased a new stake in ANNALY Cap Mgmt/SH during the second quarter valued at about $138,000. Institutional investors own 51.31% of the company’s stock.
NLY stock opened at $9.86 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a one year low of $9.81 and a one year high of $12.40. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 8.08 and a beta of 0.08.
ANNALY Cap Mgmt/SH (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a net margin of 112.29% and a return on equity of 12.10%. The company had revenue of $334.11 million during the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts predict that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th will be paid a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio is presently 98.36%.
A number of analysts have commented on NLY shares. JPMorgan Chase & Co. upped their price objective on shares of ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a research note on Monday, July 23rd. Zacks Investment Research lowered shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Barclays set a $11.00 price objective on shares of ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a research note on Tuesday, September 11th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.88.
About ANNALY Cap Mgmt/SH
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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