Burney Co. Has $1.06 Million Position in ANNALY CAP MGMT/SH (NYSE:NLY)

Burney Co. lifted its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 32.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,568 shares of the real estate investment trust’s stock after acquiring an additional 25,725 shares during the period. Burney Co.’s holdings in ANNALY CAP MGMT/SH were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Financial Planning LLC bought a new stake in ANNALY CAP MGMT/SH in the 4th quarter worth approximately $27,000. Hanson McClain Inc. grew its position in ANNALY CAP MGMT/SH by 105.8% in the 1st quarter. Hanson McClain Inc. now owns 3,113 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,600 shares during the period. Parallel Advisors LLC boosted its stake in shares of ANNALY CAP MGMT/SH by 193.0% during the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 2,355 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in shares of ANNALY CAP MGMT/SH during the 4th quarter worth $36,000. Finally, Altshuler Shaham Ltd boosted its stake in shares of ANNALY CAP MGMT/SH by 100.3% during the 4th quarter. Altshuler Shaham Ltd now owns 4,706 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,356 shares during the last quarter. 57.24% of the stock is owned by institutional investors.

Shares of ANNALY CAP MGMT/SH stock opened at $9.04 on Thursday. The firm has a market cap of $13.11 billion, a PE ratio of 7.53 and a beta of 0.36. ANNALY CAP MGMT/SH has a 1-year low of $8.74 and a 1-year high of $10.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ 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 business had revenue of $218.49 million for the quarter, compared to analysts’ expectations of $435.12 million. During the same quarter last year, the company posted $0.30 EPS. The company’s revenue was down 57.3% compared to the same quarter last year. As a group, equities analysts expect that ANNALY CAP MGMT/SH will post 1.06 EPS for the current fiscal year.

In other news, CIO David L. Finkelstein bought 100,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $9.56 per share, for a total transaction of $956,000.00. Following the purchase, the executive now owns 400,000 shares in the company, valued at $3,824,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin Keyes bought 300,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $9.62 per share, for a total transaction of $2,886,000.00. Following the purchase, the chief executive officer now owns 1,284,779 shares in the company, valued at approximately $12,359,573.98. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 482,780 shares of company stock worth $4,629,037. 0.34% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the stock. TheStreet cut shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 24th. Barclays set a $11.00 price target on shares of ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research note on Friday, February 15th. ValuEngine cut shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, Nomura assumed 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 target on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. ANNALY CAP MGMT/SH currently has an average rating of “Buy” and a consensus price target of $11.00.

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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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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