Next Capital Management LLC Purchases New Position in ANNALY CAP MGMT/SH (NYSE:NLY)

Next Capital Management LLC purchased a new stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,055 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of ANNALY CAP MGMT/SH by 9.3% during the 1st quarter. BlackRock Inc. now owns 131,310,432 shares of the real estate investment trust’s stock valued at $1,311,790,000 after buying an additional 11,181,594 shares in the last quarter. State Treasurer State of Michigan lifted its stake in shares of ANNALY CAP MGMT/SH by 17.8% during the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after buying an additional 5,000,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of ANNALY CAP MGMT/SH by 134.6% during the 1st quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after buying an additional 14,521,988 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of ANNALY CAP MGMT/SH by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after buying an additional 2,661,206 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of ANNALY CAP MGMT/SH by 1.1% during the 1st quarter. Northern Trust Corp now owns 12,329,904 shares of the real estate investment trust’s stock valued at $123,175,000 after buying an additional 138,645 shares in the last quarter. Institutional investors own 56.06% of the company’s stock.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Zacks Investment Research raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, UBS Group initiated coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They set a “buy” rating and a $9.50 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $10.33.

ANNALY CAP MGMT/SH stock traded up $0.08 during midday trading on Friday, reaching $8.95. 9,213,400 shares of the stock were exchanged, compared to its average volume of 14,070,282. The company’s fifty day moving average is $9.31 and its 200-day moving average is $9.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $12.95 billion, a PE ratio of 7.46 and a beta of 0.39. ANNALY CAP MGMT/SH has a 52 week low of $8.74 and a 52 week high of $10.76.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $177.38 million for the quarter, compared to the consensus estimate of $402.00 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.04% and a negative net margin of 155.89%. During the same period last year, the company posted $0.30 EPS. On average, sell-side analysts anticipate that ANNALY CAP MGMT/SH will post 1.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date was Thursday, June 27th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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