Symons Capital Management Inc. reduced its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 778,213 shares of the real estate investment trust’s stock after selling 82,303 shares during the quarter. ANNALY CAP MGMT/SH makes up 3.2% of Symons Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Symons Capital Management Inc. owned approximately 0.05% of ANNALY CAP MGMT/SH worth $6,848,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of NLY. BNP Paribas Arbitrage SA grew its position in ANNALY CAP MGMT/SH by 6.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,703,076 shares of the real estate investment trust’s stock valued at $15,549,000 after acquiring an additional 100,503 shares during the period. Arizona State Retirement System grew its position in ANNALY CAP MGMT/SH by 8.4% in the second quarter. Arizona State Retirement System now owns 654,807 shares of the real estate investment trust’s stock valued at $5,978,000 after acquiring an additional 50,700 shares during the period. Centaurus Financial Inc. grew its position in ANNALY CAP MGMT/SH by 7,708.7% in the second quarter. Centaurus Financial Inc. now owns 24,207 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 23,897 shares during the period. Bristlecone Advisors LLC bought a new stake in ANNALY CAP MGMT/SH in the second quarter valued at $226,000. Finally, Wall Street Access Asset Management LLC bought a new stake in ANNALY CAP MGMT/SH in the second quarter valued at $565,000. 53.10% of the stock is currently owned by institutional investors.
ANNALY CAP MGMT/SH stock traded up $0.04 on Friday, reaching $9.12. The company’s stock had a trading volume of 8,136,009 shares, compared to its average volume of 14,869,789. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.05 and a current ratio of 0.06. ANNALY CAP MGMT/SH has a twelve month low of $8.07 and a twelve month high of $10.51. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 7.60 and a beta of 0.39. The business’s fifty day moving average price is $8.83 and its 200 day moving average price is $9.09.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). ANNALY CAP MGMT/SH had a negative net margin of 188.46% and a positive return on equity of 11.66%. The firm had revenue of $152.39 million for the quarter, compared to analyst estimates of $449.05 million. During the same period last year, the company earned $0.30 EPS. As a group, equities analysts forecast that ANNALY CAP MGMT/SH will post 0.98 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.96%. The ex-dividend date was Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
NLY has been the topic of a number of recent analyst reports. UBS Group lowered ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $9.50 to $8.00 in a research note on Tuesday, September 3rd. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada initiated coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective on the stock. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. ANNALY CAP MGMT/SH has a consensus rating of “Buy” and an average target price of $10.07.
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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