First Trust Advisors LP lifted its stake in ANNALY Cap Mgmt/SH (NYSE:NLY) by 20.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,224,019 shares of the real estate investment trust’s stock after acquiring an additional 379,191 shares during the period. First Trust Advisors LP owned 0.18% of ANNALY Cap Mgmt/SH worth $22,752,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of NLY. Morgan Stanley raised its stake in shares of ANNALY Cap Mgmt/SH by 59.1% in the 2nd quarter. Morgan Stanley now owns 5,233,325 shares of the real estate investment trust’s stock valued at $53,851,000 after acquiring an additional 1,944,084 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of ANNALY Cap Mgmt/SH by 16.7% in the 1st quarter. Allianz Asset Management GmbH now owns 9,443,757 shares of the real estate investment trust’s stock valued at $98,498,000 after acquiring an additional 1,353,121 shares in the last quarter. Natixis raised its stake in shares of ANNALY Cap Mgmt/SH by 129.6% in the 2nd quarter. Natixis now owns 1,841,389 shares of the real estate investment trust’s stock valued at $18,948,000 after acquiring an additional 1,039,393 shares in the last quarter. BlackRock Inc. raised its stake in shares of ANNALY Cap Mgmt/SH by 1.1% in the 2nd quarter. BlackRock Inc. now owns 97,930,510 shares of the real estate investment trust’s stock valued at $1,007,706,000 after acquiring an additional 1,018,396 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of ANNALY Cap Mgmt/SH by 1,156.8% in the 2nd quarter. First Republic Investment Management Inc. now owns 859,206 shares of the real estate investment trust’s stock valued at $8,842,000 after acquiring an additional 790,840 shares in the last quarter. 53.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE NLY opened at $9.95 on Wednesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 8.16 and a beta of 0.13. ANNALY Cap Mgmt/SH has a 12 month low of $9.70 and a 12 month high of $12.37.
ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $315.62 million for 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 previous year, the business posted $0.30 EPS. On average, research analysts forecast that ANNALY Cap Mgmt/SH will post 1.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were given a $0.078 dividend. This represents a $0.31 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio is currently 98.36%.
A number of research analysts recently weighed in on NLY shares. TheStreet downgraded ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Barclays set a $11.00 price target on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target 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. Two investment 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 price target of $10.63.
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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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