Clinton Group Inc. purchased a new position in ANNALY Cap Mgmt/SH (NYSE:NLY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,380 shares of the real estate investment trust’s stock, valued at approximately $372,000.
Several other institutional investors have also bought and sold shares of NLY. Federated Investors Inc. PA bought a new position in shares of ANNALY Cap Mgmt/SH in the 1st quarter worth about $679,000. Franklin Resources Inc. lifted its position in shares of ANNALY Cap Mgmt/SH by 22.2% in the 1st quarter. Franklin Resources Inc. now owns 179,510 shares of the real estate investment trust’s stock worth $1,872,000 after buying an additional 32,563 shares during the last quarter. Sei Investments Co. lifted its position in shares of ANNALY Cap Mgmt/SH by 1,913.6% in the 1st quarter. Sei Investments Co. now owns 200,751 shares of the real estate investment trust’s stock worth $2,094,000 after buying an additional 190,781 shares during the last quarter. Ostrum Asset Management bought a new position in shares of ANNALY Cap Mgmt/SH in the 1st quarter worth about $145,000. Finally, United Capital Financial Advisers LLC lifted its position in shares of ANNALY Cap Mgmt/SH by 23.5% in the 1st quarter. United Capital Financial Advisers LLC now owns 89,992 shares of the real estate investment trust’s stock worth $939,000 after buying an additional 17,100 shares during the last quarter. Institutional investors own 51.31% of the company’s stock.
A number of research firms have recently issued reports on NLY. Barclays set a $11.00 price target on shares of ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. raised their price target on shares of 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. Finally, Zacks Investment Research downgraded shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.88.
Shares of NYSE:NLY opened at $9.86 on Friday. The stock has a market capitalization of $12.45 billion, a P/E ratio of 8.08 and a beta of 0.08. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.81 and a fifty-two week high of $12.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.02 and a current ratio of 0.02.
ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $334.11 million for the quarter, compared to the consensus estimate of $330.95 million. ANNALY Cap Mgmt/SH had a net margin of 112.29% and a return on equity of 12.10%. During the same period last year, the firm posted $0.30 EPS. On average, research analysts expect that ANNALY Cap Mgmt/SH will post 1.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be given a $0.078 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.31 annualized dividend and a yield of 3.16%. ANNALY Cap Mgmt/SH’s dividend payout ratio is presently 98.36%.
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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