Rhumbline Advisers trimmed its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 8.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,425,930 shares of the real estate investment trust’s stock after selling 125,955 shares during the quarter. Rhumbline Advisers owned about 0.10% of ANNALY CAP MGMT/SH worth $14,245,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in ANNALY CAP MGMT/SH by 126.7% in the fourth quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock valued at $67,959,000 after purchasing an additional 3,868,272 shares during the period. Wedbush Securities Inc. grew its stake in ANNALY CAP MGMT/SH by 5.6% during the first quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock worth $1,164,000 after buying an additional 6,133 shares during the period. State Board of Administration of Florida Retirement System grew its stake in ANNALY CAP MGMT/SH by 9.2% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,623,412 shares of the real estate investment trust’s stock worth $15,942,000 after buying an additional 136,403 shares during the period. Prudential PLC grew its stake in ANNALY CAP MGMT/SH by 352.0% during the fourth quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 41,700 shares during the period. Finally, Lake Point Wealth Management purchased a new stake in ANNALY CAP MGMT/SH during the fourth quarter worth approximately $123,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.
NLY has been the subject of several research reports. Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research note on Friday, February 15th. Nomura initiated coverage on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $11.00 price objective for the company. TheStreet downgraded shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. ValuEngine upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. ANNALY CAP MGMT/SH currently has a consensus rating of “Buy” and an average target price of $11.00.
NLY opened at $9.53 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a 52-week low of $9.50 and a 52-week high of $10.78. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 7.94 and a beta of 0.24.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. The company had revenue of $218.49 million during the quarter, compared to the consensus estimate of $435.12 million. During the same period in the previous year, the firm earned $0.30 earnings per share. ANNALY CAP MGMT/SH’s revenue for the quarter was down 57.3% on a year-over-year basis. On average, research analysts predict that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.59%. ANNALY CAP MGMT/SH’s payout ratio is currently 100.00%.
In other news, CEO Kevin Keyes bought 300,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Monday, May 6th. The shares were acquired at an average cost of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the transaction, the chief executive officer now owns 1,284,779 shares in the company, valued at approximately $12,359,573.98. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony C. Green bought 50,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of $9.56 per share, for a total transaction of $478,000.00. Following the completion of the transaction, the insider now owns 151,000 shares of the company’s stock, valued at approximately $1,443,560. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 450,000 shares of company stock worth $4,320,000. Corporate insiders own 0.34% of the company’s stock.
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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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