Wealthstar Advisors LLC Takes Position in ANNALY Cap Mgmt/SH (NLY)

Wealthstar Advisors LLC purchased a new stake in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,750 shares of the real estate investment trust’s stock, valued at approximately $159,000.

Other institutional investors have also made changes to their positions in the company. State Treasurer State of Michigan acquired a new stake in shares of ANNALY Cap Mgmt/SH during the third quarter worth $282,167,000. Acadian Asset Management LLC lifted its holdings in shares of ANNALY Cap Mgmt/SH by 958.0% during the third quarter. Acadian Asset Management LLC now owns 2,581,874 shares of the real estate investment trust’s stock worth $26,409,000 after buying an additional 2,337,849 shares in the last quarter. Morgan Stanley lifted its holdings in shares of ANNALY Cap Mgmt/SH by 59.1% during the second quarter. Morgan Stanley now owns 5,233,325 shares of the real estate investment trust’s stock worth $53,851,000 after buying an additional 1,944,084 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of ANNALY Cap Mgmt/SH by 16.7% during the first quarter. Allianz Asset Management GmbH now owns 9,443,757 shares of the real estate investment trust’s stock worth $98,498,000 after buying an additional 1,353,121 shares in the last quarter. Finally, Natixis lifted its holdings in shares of ANNALY Cap Mgmt/SH by 129.6% during the second quarter. Natixis now owns 1,841,389 shares of the real estate investment trust’s stock worth $18,948,000 after buying an additional 1,039,393 shares in the last quarter. 51.58% of the stock is owned by institutional investors and hedge funds.

NLY opened at $9.73 on Friday. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.70 and a fifty-two week high of $12.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.02 and a quick ratio of 0.02. The firm has a market cap of $11.84 billion, a PE ratio of 7.98 and a beta of 0.13.

ANNALY Cap Mgmt/SH (NYSE:NLY) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a return on equity of 12.38% and a net margin of 105.40%. The company had revenue of $315.62 million during the quarter, compared to the consensus estimate of $398.00 million. During the same quarter last year, the firm earned $0.30 earnings per share. On average, sell-side analysts predict that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, September 27th. ANNALY Cap Mgmt/SH’s payout ratio is currently 98.36%.

A number of equities research analysts have recently weighed in on the company. TheStreet downgraded ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Barclays set a $11.00 target price on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. lifted their target price on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock 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 stock. The company has an average rating of “Hold” and a consensus price target of $10.88.

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

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