Sawtooth Solutions LLC Buys Shares of 18,113 ANNALY Cap Mgmt/SH (NLY)

Sawtooth Solutions LLC bought a new stake in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,113 shares of the real estate investment trust’s stock, valued at approximately $185,000.

A number of other large investors also recently added to or reduced their stakes in NLY. Mycio Wealth Partners LLC acquired a new position in ANNALY Cap Mgmt/SH during the 2nd quarter valued at $103,000. FormulaFolio Investments LLC acquired a new position in ANNALY Cap Mgmt/SH during the 2nd quarter valued at $107,000. O Dell Group LLC acquired a new position in ANNALY Cap Mgmt/SH during the 2nd quarter valued at $107,000. Telemus Capital LLC acquired a new position in ANNALY Cap Mgmt/SH during the 3rd quarter valued at $109,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in ANNALY Cap Mgmt/SH during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 51.58% of the company’s stock.

NLY has been the topic of several analyst reports. TheStreet lowered shares of ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Barclays set a $11.00 price target on shares of ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. ANNALY Cap Mgmt/SH has a consensus rating of “Hold” and an average price target of $10.88.

Shares of ANNALY Cap Mgmt/SH stock opened at $9.73 on Friday. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of 8.04 and a beta of 0.13. 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 has a 52-week low of $9.70 and a 52-week 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $315.62 million for the quarter, compared to analyst estimates of $398.00 million. ANNALY Cap Mgmt/SH had a net margin of 105.40% and a return on equity of 12.38%. During the same quarter in the previous year, the firm posted $0.30 EPS. Analysts expect that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were issued a $0.078 dividend. This represents a $0.31 annualized dividend and a yield of 3.21%. The ex-dividend date was Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio (DPR) 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.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for ANNALY Cap Mgmt/SH (NYSE:NLY)

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