WESPAC Advisors LLC Has $1.41 Million Stake in ANNALY Cap Mgmt/SH (NLY)

WESPAC Advisors LLC lifted its stake in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) by 73.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,201 shares of the real estate investment trust’s stock after buying an additional 58,315 shares during the quarter. WESPAC Advisors LLC’s holdings in ANNALY Cap Mgmt/SH were worth $1,414,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Bank of Australia grew its position in shares of ANNALY Cap Mgmt/SH by 118.0% during the second quarter. Commonwealth Bank of Australia now owns 586,377 shares of the real estate investment trust’s stock worth $6,028,000 after buying an additional 317,344 shares in the last quarter. Centaurus Financial Inc. grew its position in shares of ANNALY Cap Mgmt/SH by 121.3% during the second quarter. Centaurus Financial Inc. now owns 48,269 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 26,458 shares in the last quarter. Korea Investment CORP grew its position in shares of ANNALY Cap Mgmt/SH by 4.7% during the second quarter. Korea Investment CORP now owns 483,388 shares of the real estate investment trust’s stock worth $4,974,000 after buying an additional 21,600 shares in the last quarter. GAM Holding AG grew its position in shares of ANNALY Cap Mgmt/SH by 26.1% during the second quarter. GAM Holding AG now owns 29,000 shares of the real estate investment trust’s stock worth $298,000 after buying an additional 6,000 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of ANNALY Cap Mgmt/SH by 59.1% during the second quarter. Morgan Stanley now owns 5,233,325 shares of the real estate investment trust’s stock worth $53,851,000 after buying an additional 1,944,084 shares in the last quarter. 53.91% of the stock is owned by institutional investors and hedge funds.

Shares of NLY opened at $9.85 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.02 and a quick ratio of 0.02. The company has a market capitalization of $11.84 billion, a P/E ratio of 8.07 and a beta of 0.13. ANNALY Cap Mgmt/SH has a 52-week low of $9.70 and a 52-week high of $12.37.

ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $315.62 million during the quarter, compared to the consensus estimate of $398.00 million. ANNALY Cap Mgmt/SH had a return on equity of 12.38% and a net margin of 105.40%. During the same period in the prior year, the company posted $0.30 earnings per share. On average, sell-side analysts predict that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were issued a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio (DPR) is 98.36%.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, August 21st. Barclays set a $10.00 price target on ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a report on Saturday. TheStreet downgraded ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Finally, JPMorgan Chase & Co. upped their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.63.

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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Institutional Ownership by Quarter for ANNALY Cap Mgmt/SH (NYSE:NLY)

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