Neuburgh Advisers LLC lessened its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 86.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,232 shares of the real estate investment trust’s stock after selling 80,498 shares during the quarter. Neuburgh Advisers LLC’s holdings in ANNALY CAP MGMT/SH were worth $112,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Rocky Mountain Advisers LLC purchased a new position in shares of ANNALY CAP MGMT/SH during the second quarter worth about $30,000. Marshall Wace LLP purchased a new position in shares of ANNALY CAP MGMT/SH during the first quarter worth about $30,000. Hanson McClain Inc. grew its holdings in shares of ANNALY CAP MGMT/SH by 105.8% during the first 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 in the last quarter. Kistler Tiffany Companies LLC purchased a new position in shares of ANNALY CAP MGMT/SH during the second quarter worth about $36,000. Finally, NuWave Investment Management LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 66.8% during the second quarter. NuWave Investment Management LLC now owns 4,391 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,758 shares in the last quarter. 54.32% of the stock is owned by institutional investors.
NLY traded up $0.09 during midday trading on Friday, hitting $8.69. The stock had a trading volume of 316,240 shares, compared to its average volume of 16,231,318. The company has a market cap of $12.48 billion, a P/E ratio of 7.25 and a beta of 0.41. The business has a fifty day moving average of $8.95 and a 200 day moving average of $9.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05. ANNALY CAP MGMT/SH has a 1 year low of $8.07 and a 1 year high of $10.51.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a positive return on equity of 12.04% and a negative net margin of 155.89%. The firm had revenue of $177.38 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts anticipate that ANNALY CAP MGMT/SH will post 1.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.25 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 11.51%. ANNALY CAP MGMT/SH’s payout ratio is currently 100.00%.
Several brokerages have recently commented on NLY. UBS Group lowered ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $9.50 to $8.00 in a report on Tuesday, September 3rd. ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. cut their target price on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Zacks Investment Research raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.08.
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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