Oregon Public Employees Retirement Fund reduced its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 1.1% during the second quarter, Holdings Channel.com reports. The fund owned 249,552 shares of the real estate investment trust’s stock after selling 2,800 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in ANNALY CAP MGMT/SH were worth $2,278,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in ANNALY CAP MGMT/SH by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after acquiring an additional 2,661,206 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in ANNALY CAP MGMT/SH in the 4th quarter valued at $1,859,000. Metropolitan Life Insurance Co. NY raised its holdings in ANNALY CAP MGMT/SH by 3.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 32,201 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,106 shares in the last quarter. Advisory Services Network LLC raised its holdings in ANNALY CAP MGMT/SH by 112.4% in the 4th quarter. Advisory Services Network LLC now owns 16,776 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 8,879 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in ANNALY CAP MGMT/SH by 111.2% in the 1st quarter. First Hawaiian Bank now owns 21,804 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 11,480 shares in the last quarter. Institutional investors and hedge funds own 56.88% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Wednesday, April 24th. UBS Group assumed coverage on ANNALY CAP MGMT/SH in a report on Friday, June 21st. They issued a “buy” rating and a $9.50 price objective for the company. JPMorgan Chase & Co. dropped their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, ValuEngine cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ANNALY CAP MGMT/SH presently has an average rating of “Buy” and a consensus price target of $10.67.
Shares of ANNALY CAP MGMT/SH stock traded up $0.03 during trading on Friday, reaching $9.42. 15,680,010 shares of the company’s stock were exchanged, compared to its average volume of 10,535,217. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a 1-year low of $8.74 and a 1-year high of $10.76. The stock has a market cap of $13.91 billion, a P/E ratio of 7.85 and a beta of 0.39. The company has a 50-day simple moving average of $9.28.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a positive return on equity of 12.14% and a negative net margin of 155.89%. The business had revenue of $177.38 million for the quarter, compared to analyst estimates of $402.00 million. During the same period last year, the firm posted $0.30 EPS. As a group, sell-side analysts anticipate that ANNALY CAP MGMT/SH will post 1.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 10.62%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
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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