Sterling Investment Advisors Ltd. Has $161,000 Stock Holdings in ANNALY CAP MGMT/SH (NYSE:NLY)

Sterling Investment Advisors Ltd. grew its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 39.7% during the second quarter, HoldingsChannel.com reports. The firm owned 17,591 shares of the real estate investment trust’s stock after purchasing an additional 5,000 shares during the period. Sterling Investment Advisors Ltd.’s holdings in ANNALY CAP MGMT/SH were worth $161,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ellis Investment Partners LLC bought a new position in shares of ANNALY CAP MGMT/SH during the first quarter worth about $28,000. Marshall Wace LLP bought a new position in shares of ANNALY CAP MGMT/SH during the first quarter worth about $30,000. Rocky Mountain Advisers LLC bought a new position in shares of ANNALY CAP MGMT/SH during the second quarter worth about $30,000. Hanson McClain Inc. raised its position 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 acquiring an additional 1,600 shares during the last quarter. Finally, Kistler Tiffany Companies LLC bought a new position in shares of ANNALY CAP MGMT/SH during the second quarter worth about $36,000. 53.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Monday, August 5th. UBS Group assumed coverage on ANNALY CAP MGMT/SH in a research report on Friday, June 21st. They set a “buy” rating and a $9.50 price objective for the company. JPMorgan Chase & Co. lowered their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.33.

NLY stock traded down $0.15 during mid-day trading on Friday, reaching $8.80. The company’s stock had a trading volume of 9,623,777 shares, compared to its average volume of 13,482,205. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 7.33 and a beta of 0.39. The business’s 50 day moving average price is $9.28 and its 200 day moving average price is $9.65. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a 12 month low of $8.74 and a 12 month high of $10.76.

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 for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The business had revenue of $177.38 million during the quarter, compared to the consensus estimate of $402.00 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.04% and a negative net margin of 155.89%. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, equities analysts expect that ANNALY CAP MGMT/SH will post 1.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 11.36%. ANNALY CAP MGMT/SH’s payout ratio is currently 100.00%.

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.

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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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