Russell Investments Group Ltd. trimmed its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 14.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,196,011 shares of the real estate investment trust’s stock after selling 538,518 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of ANNALY CAP MGMT/SH worth $28,080,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NLY. BlackRock Inc. increased its holdings in ANNALY CAP MGMT/SH by 11.5% in the 2nd quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock worth $1,336,187,000 after buying an additional 15,040,653 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of ANNALY CAP MGMT/SH by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 134,709,321 shares of the real estate investment trust’s stock valued at $1,229,897,000 after purchasing an additional 5,683,042 shares during the period. State Treasurer State of Michigan grew its stake in shares of ANNALY CAP MGMT/SH by 17.8% during the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after purchasing an additional 5,000,000 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of ANNALY CAP MGMT/SH during the 2nd quarter valued at about $39,026,000. Finally, Waddell & Reed Financial Inc. bought a new stake in shares of ANNALY CAP MGMT/SH during the 2nd quarter valued at about $32,522,000. Institutional investors own 53.10% of the company’s stock.
A number of research firms have issued reports on NLY. Royal Bank of Canada began coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price target for the company. UBS Group downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and cut their price target for the company from $9.50 to $8.00 in a research note on Tuesday, September 3rd. ValuEngine upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price target on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $10.07.
ANNALY CAP MGMT/SH stock opened at $9.08 on Friday. The business has a 50-day simple moving average of $8.82 and a two-hundred day simple moving average of $9.10. The company has a market cap of $12.83 billion, a P/E ratio of 7.57 and a beta of 0.39. ANNALY CAP MGMT/SH has a 52-week low of $8.07 and a 52-week high of $10.51. The company has a quick ratio of 0.05, a current ratio of 0.06 and a debt-to-equity ratio of 0.29.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.04). The company had revenue of $152.39 million for the quarter, compared to the consensus estimate of $449.05 million. ANNALY CAP MGMT/SH had a negative net margin of 188.46% and a positive return on equity of 11.66%. During the same quarter last year, the firm posted $0.30 earnings per share. Research analysts anticipate that ANNALY CAP MGMT/SH will post 0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.01%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
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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