Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,237 shares of the real estate investment trust’s stock after selling 7,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in ANNALY Cap Mgmt/SH were worth $4,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NLY. Alliancebernstein L.P. boosted its position in ANNALY Cap Mgmt/SH by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 993,860 shares of the real estate investment trust’s stock valued at $11,817,000 after purchasing an additional 24,492 shares in the last quarter. Franklin Resources Inc. boosted its position in ANNALY Cap Mgmt/SH by 756.5% during the fourth quarter. Franklin Resources Inc. now owns 146,947 shares of the real estate investment trust’s stock valued at $1,748,000 after purchasing an additional 129,790 shares in the last quarter. Two Sigma Securities LLC bought a new stake in ANNALY Cap Mgmt/SH during the fourth quarter valued at about $136,000. Paloma Partners Management Co acquired a new stake in ANNALY Cap Mgmt/SH in the fourth quarter worth about $242,000. Finally, Teachers Advisors LLC boosted its holdings in ANNALY Cap Mgmt/SH by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 2,130,760 shares of the real estate investment trust’s stock worth $25,335,000 after acquiring an additional 62,972 shares in the last quarter. 57.30% of the stock is currently owned by institutional investors.
Shares of ANNALY Cap Mgmt/SH opened at $10.41 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 7.35 and a beta of 0.04. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.94 and a fifty-two week high of $12.58.
ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $512.07 million during the quarter, compared to the consensus estimate of $349.17 million. ANNALY Cap Mgmt/SH had a return on equity of 11.85% and a net margin of 99.62%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. equities analysts anticipate that ANNALY Cap Mgmt/SH will post 1.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, June 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.53%. The ex-dividend date of this dividend is Thursday, June 28th. ANNALY Cap Mgmt/SH’s dividend payout ratio is presently 98.36%.
Several brokerages have weighed in on NLY. ValuEngine downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. JPMorgan Chase & Co. lowered their price target on ANNALY Cap Mgmt/SH from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, May 22nd. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, Deutsche Bank lowered their price target on ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.31.
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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