Stifel Financial Corp raised its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,063,294 shares of the real estate investment trust’s stock after purchasing an additional 2,547 shares during the quarter. Stifel Financial Corp owned about 0.07% of ANNALY CAP MGMT/SH worth $9,373,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of ANNALY CAP MGMT/SH by 11.5% during the 2nd quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock valued at $1,336,187,000 after purchasing an additional 15,040,653 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 134,709,321 shares of the real estate investment trust’s stock worth $1,229,897,000 after acquiring an additional 5,683,042 shares during the period. State Treasurer State of Michigan lifted its position in shares of ANNALY CAP MGMT/SH by 17.8% in the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock worth $302,269,000 after acquiring an additional 5,000,000 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the 2nd quarter worth approximately $39,026,000. Finally, Waddell & Reed Financial Inc. acquired a new stake in shares of ANNALY CAP MGMT/SH during the 2nd quarter worth approximately $32,522,000. 53.74% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on NLY. Royal Bank of Canada started coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price for the company. UBS Group downgraded shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $9.50 to $8.00 in a research note on Tuesday, September 3rd. Finally, ValuEngine raised shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.07.
ANNALY CAP MGMT/SH stock opened at $9.33 on Wednesday. The stock has a 50-day simple moving average of $9.04 and a 200 day simple moving average of $9.02. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.29. ANNALY CAP MGMT/SH has a 12-month low of $8.07 and a 12-month high of $10.51. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 7.78 and a beta of 0.40.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). ANNALY CAP MGMT/SH had a positive return on equity of 11.66% and a negative net margin of 188.46%. The company had revenue of $152.39 million for the quarter, compared to the consensus estimate of $449.05 million. During the same period in the prior year, the company earned $0.30 EPS. As a group, sell-side analysts anticipate that ANNALY CAP MGMT/SH will post 0.99 EPS for the current year.
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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