Baird Financial Group Inc. raised its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 20.3% in the third quarter, HoldingsChannel.com reports. The fund owned 531,483 shares of the real estate investment trust’s stock after buying an additional 89,535 shares during the quarter. Baird Financial Group Inc.’s holdings in ANNALY CAP MGMT/SH were worth $5,448,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Huber Financial Advisors LLC acquired a new position in ANNALY CAP MGMT/SH in the third quarter valued at approximately $105,000. Telemus Capital LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the third quarter worth approximately $109,000. Pzena Investment Management LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the third quarter worth approximately $116,000. Concorde Asset Management LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the third quarter worth approximately $119,000. Finally, Mariner Investment Group LLC acquired a new position in shares of ANNALY CAP MGMT/SH during the third quarter worth approximately $122,000. Institutional investors own 55.66% of the company’s stock.
Shares of NYSE NLY opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The company has a market cap of $13.19 billion, a PE ratio of 8.22 and a beta of 0.19. 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 data on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business 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 12.21% and a net margin of 105.40%. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, analysts predict that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current year.
Several brokerages have recently issued reports on NLY. TheStreet upgraded ANNALY CAP MGMT/SH from a “c+” rating to a “b-” rating in a research report on Thursday, November 29th. Zacks Investment Research reiterated a “sell” rating on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, November 14th. Finally, Barclays set a $10.00 price objective on ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research report on Saturday, November 3rd. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. ANNALY CAP MGMT/SH has an average rating of “Hold” and an average target price of $10.63.
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ANNALY CAP MGMT/SH 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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