Tiemann Investment Advisors LLC increased its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 15.8% during the first quarter, HoldingsChannel.com reports. The firm owned 46,266 shares of the real estate investment trust’s stock after purchasing an additional 6,325 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in ANNALY CAP MGMT/SH were worth $462,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in NLY. Capital Financial Planning LLC bought a new position in ANNALY CAP MGMT/SH in the 4th quarter worth $27,000. Ellis Investment Partners LLC bought a new position in ANNALY CAP MGMT/SH in the 1st quarter worth $28,000. Hanson McClain Inc. raised its holdings in ANNALY CAP MGMT/SH by 105.8% in the 1st quarter. Hanson McClain Inc. now owns 3,113 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,600 shares during the period. Parallel Advisors LLC raised its holdings in ANNALY CAP MGMT/SH by 193.0% in the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,355 shares during the period. Finally, Bruderman Asset Management LLC bought a new position in ANNALY CAP MGMT/SH in the 4th quarter worth $36,000. 57.24% of the stock is currently owned by institutional investors.
In other news, CEO Kevin Keyes bought 300,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,284,779 shares of the company’s stock, valued at approximately $12,359,573.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony C. Green bought 50,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $9.56 per share, for a total transaction of $478,000.00. Following the completion of the acquisition, the insider now directly owns 151,000 shares of the company’s stock, valued at approximately $1,443,560. The disclosure for this purchase can be found here. Insiders bought 482,780 shares of company stock worth $4,629,037 over the last ninety days. Insiders own 0.34% of the company’s stock.
NYSE:NLY traded up $0.07 on Friday, reaching $9.16. 155,425 shares of the company’s stock traded hands, compared to its average volume of 15,870,003. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. The stock has a market cap of $13.16 billion, a PE ratio of 7.63 and a beta of 0.36. ANNALY CAP MGMT/SH has a 12 month low of $8.74 and a 12 month high of $10.78.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $218.49 million for the quarter, compared to analysts’ expectations of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The business’s quarterly revenue was down 57.3% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Sell-side analysts anticipate that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current fiscal year.
A number of equities research analysts have commented on NLY shares. Barclays set a $11.00 price target on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. Nomura started coverage on ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They set a “buy” rating and a $11.00 price target on the stock. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Wednesday, April 24th. ValuEngine cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, TheStreet cut ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a report on Friday, February 15th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $11.00.
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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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