Tower Research Capital LLC TRC Acquires 36,291 Shares of ANNALY CAP MGMT/SH (NLY)

Tower Research Capital LLC TRC increased its holdings in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 144.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,339 shares of the real estate investment trust’s stock after buying an additional 36,291 shares during the period. Tower Research Capital LLC TRC’s holdings in ANNALY CAP MGMT/SH were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Huber Financial Advisors LLC acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter worth approximately $105,000. Telemus Capital LLC acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter worth approximately $109,000. Pzena Investment Management LLC acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter worth approximately $116,000. Baillie Gifford & Co. acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter worth approximately $117,000. Finally, Concorde Asset Management LLC acquired a new position in ANNALY CAP MGMT/SH during the 3rd quarter worth approximately $119,000. 55.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ANNALY CAP MGMT/SH stock opened at $10.16 on Friday. ANNALY CAP MGMT/SH has a 12-month low of $9.70 and a 12-month high of $12.37. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $13.27 billion, a PE ratio of 8.33 and a beta of 0.19.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. The business had revenue of $315.62 million during the quarter, compared to analysts’ expectations of $398.00 million. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, research analysts expect that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current year.

Several research firms have commented on NLY. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, August 21st. Barclays set a $11.00 price target on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a report on Tuesday, September 11th. Finally, TheStreet upgraded shares of ANNALY CAP MGMT/SH from a “c+” rating to a “b-” rating in a report on Thursday, November 29th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.63.

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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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