Assetmark Inc. raised its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,008,263 shares of the real estate investment trust’s stock after purchasing an additional 65,118 shares during the period. Assetmark Inc. owned 0.08% of ANNALY CAP MGMT/SH worth $10,315,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new stake in ANNALY CAP MGMT/SH in the third quarter valued at $102,000. Huber Financial Advisors LLC bought a new stake in ANNALY CAP MGMT/SH in the third quarter valued at $105,000. Telemus Capital LLC bought a new stake in ANNALY CAP MGMT/SH in the third quarter valued at $109,000. Pzena Investment Management LLC bought a new stake in ANNALY CAP MGMT/SH in the third quarter valued at $116,000. Finally, Baillie Gifford & Co. bought a new stake in ANNALY CAP MGMT/SH in the third quarter valued at $117,000. 55.66% of the stock is owned by hedge funds and other institutional investors.
NYSE:NLY opened at $10.16 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The stock has a market cap of $13.18 billion, a PE ratio of 8.33 and a beta of 0.19. ANNALY CAP MGMT/SH has a one year low of $9.70 and a one year high of $12.37.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $315.62 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts predict that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. TheStreet raised shares of ANNALY CAP MGMT/SH from a “c+” rating to a “b-” rating in a research note on Thursday, November 29th. Zacks Investment Research reaffirmed a “sell” rating on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, November 14th. Finally, Barclays set a $10.00 price target on shares of ANNALY CAP MGMT/SH and gave the company a “hold” rating in a research note on Saturday, November 3rd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Hold” and a consensus target price of $10.63.
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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