Canada Pension Plan Investment Board raised its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 54.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,451,103 shares of the real estate investment trust’s stock after purchasing an additional 512,100 shares during the quarter. Canada Pension Plan Investment Board owned about 0.11% of ANNALY CAP MGMT/SH worth $14,845,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NLY. State Treasurer State of Michigan acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter valued at approximately $282,167,000. BlackRock Inc. increased its stake in ANNALY CAP MGMT/SH by 8.9% during the 3rd quarter. BlackRock Inc. now owns 106,656,075 shares of the real estate investment trust’s stock valued at $1,091,092,000 after purchasing an additional 8,725,565 shares in the last quarter. FMR LLC increased its stake in ANNALY CAP MGMT/SH by 26.0% during the 3rd quarter. FMR LLC now owns 33,338,613 shares of the real estate investment trust’s stock valued at $341,054,000 after purchasing an additional 6,875,852 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in ANNALY CAP MGMT/SH by 17.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 19,149,962 shares of the real estate investment trust’s stock valued at $195,904,000 after purchasing an additional 2,890,260 shares in the last quarter. Finally, LSV Asset Management increased its stake in ANNALY CAP MGMT/SH by 11.3% during the 3rd quarter. LSV Asset Management now owns 26,688,721 shares of the real estate investment trust’s stock valued at $273,025,000 after purchasing an additional 2,713,772 shares in the last quarter. Institutional investors and hedge funds own 53.10% of the company’s stock.
A number of research analysts have issued reports on NLY shares. TheStreet upgraded shares of ANNALY CAP MGMT/SH from a “c+” rating to a “b-” rating in a research note on Thursday. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, August 21st. Finally, Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. ANNALY CAP MGMT/SH has an average rating of “Hold” and a consensus target price of $10.63.
NYSE:NLY opened at $10.04 on Monday. The firm has a market capitalization of $13.19 billion, a PE ratio of 8.23 and a beta of 0.13. ANNALY CAP MGMT/SH has a 1-year low of $9.70 and a 1-year high of $12.37. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $315.62 million for the quarter, compared to analyst estimates of $398.00 million. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. During the same quarter in the prior year, the business earned $0.30 earnings per share. Research analysts predict that ANNALY CAP MGMT/SH will post 1.19 EPS for the current fiscal year.
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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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