Assetmark Inc. raised its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,008,263 shares of the real estate investment trust’s stock after acquiring an additional 65,118 shares during the quarter. Assetmark Inc.’s holdings in ANNALY CAP MGMT/SH were worth $10,315,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. State Treasurer State of Michigan purchased a new position in ANNALY CAP MGMT/SH in the third quarter valued at about $282,167,000. BlackRock Inc. boosted its stake in ANNALY CAP MGMT/SH by 8.9% in the third quarter. BlackRock Inc. now owns 106,656,075 shares of the real estate investment trust’s stock valued at $1,091,092,000 after acquiring an additional 8,725,565 shares during the last quarter. FMR LLC boosted its stake in ANNALY CAP MGMT/SH by 26.0% in the third quarter. FMR LLC now owns 33,338,613 shares of the real estate investment trust’s stock valued at $341,054,000 after acquiring an additional 6,875,852 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in ANNALY CAP MGMT/SH in the third quarter valued at about $30,933,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in ANNALY CAP MGMT/SH by 17.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 19,149,962 shares of the real estate investment trust’s stock valued at $195,904,000 after acquiring an additional 2,890,260 shares during the last quarter. Hedge funds and other institutional investors own 55.66% of the company’s stock.
A number of research analysts have weighed in on NLY shares. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, August 21st. Barclays set a $11.00 target price on shares of ANNALY CAP MGMT/SH and gave the company a “hold” rating in a research note on Tuesday, September 11th. Finally, TheStreet cut shares of ANNALY CAP MGMT/SH from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Hold” and an average price target of $10.63.
NLY opened at $10.16 on Friday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 8.33 and a beta of 0.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. ANNALY CAP MGMT/SH has a twelve month low of $9.70 and a twelve month high of $12.37.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $315.62 million for the quarter, compared to analysts’ expectations of $398.00 million. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. During the same period in the prior year, the company posted $0.30 EPS. As a group, research analysts anticipate that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/12/08/annaly-cap-mgmt-sh-nly-shares-bought-by-assetmark-inc.html.
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.
Featured Article: How to Invest in a Bull Market
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANNALY CAP MGMT/SH (NYSE:NLY).
Receive News & Ratings for ANNALY CAP MGMT/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY CAP MGMT/SH and related companies with MarketBeat.com's FREE daily email newsletter.