DNB Asset Management AS raised its holdings in ANNALY Cap Mgmt/SH (NYSE:NLY) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 709,080 shares of the real estate investment trust’s stock after buying an additional 50,031 shares during the quarter. DNB Asset Management AS owned 0.06% of ANNALY Cap Mgmt/SH worth $7,254,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Mycio Wealth Partners LLC acquired a new position in shares of ANNALY Cap Mgmt/SH during the second quarter worth approximately $103,000. FormulaFolio Investments LLC acquired a new position in shares of ANNALY Cap Mgmt/SH during the second quarter worth approximately $107,000. O Dell Group LLC acquired a new position in shares of ANNALY Cap Mgmt/SH during the second quarter worth approximately $107,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of ANNALY Cap Mgmt/SH during the second quarter worth approximately $116,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of ANNALY Cap Mgmt/SH during the second quarter worth approximately $129,000. 51.31% of the stock is currently owned by hedge funds and other institutional investors.
NLY has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research report on Monday, July 23rd. Zacks Investment Research raised ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, August 21st. Finally, Barclays set a $11.00 target price on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. ANNALY Cap Mgmt/SH currently has an average rating of “Hold” and a consensus price target of $10.88.
Shares of NYSE:NLY opened at $9.86 on Friday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a twelve month low of $9.81 and a twelve month high of $12.40. The company has a market cap of $12.45 billion, a PE ratio of 8.08 and a beta of 0.08.
ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. The company had revenue of $334.11 million for the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Equities analysts predict that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be given a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 27th. ANNALY Cap Mgmt/SH’s payout ratio is 98.36%.
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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