Toronto Dominion Bank increased its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 21.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 140,334 shares of the real estate investment trust’s stock after purchasing an additional 24,761 shares during the period. Toronto Dominion Bank’s holdings in ANNALY CAP MGMT/SH were worth $1,435,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of NLY. Commonwealth Bank of Australia grew its stake in shares of ANNALY CAP MGMT/SH by 118.0% in the second quarter. Commonwealth Bank of Australia now owns 586,377 shares of the real estate investment trust’s stock worth $6,028,000 after acquiring an additional 317,344 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of ANNALY CAP MGMT/SH by 121.3% in the second quarter. Centaurus Financial Inc. now owns 48,269 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 26,458 shares during the last quarter. Narwhal Capital Management grew its stake in shares of ANNALY CAP MGMT/SH by 88.6% in the third quarter. Narwhal Capital Management now owns 290,300 shares of the real estate investment trust’s stock worth $2,970,000 after acquiring an additional 136,350 shares during the last quarter. Korea Investment CORP grew its stake in shares of ANNALY CAP MGMT/SH by 4.7% in the second quarter. Korea Investment CORP now owns 483,388 shares of the real estate investment trust’s stock worth $4,974,000 after acquiring an additional 21,600 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of ANNALY CAP MGMT/SH by 313.7% in the third quarter. Huntington National Bank now owns 12,825 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 9,725 shares during the last quarter. 53.10% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on NLY. Zacks Investment Research reissued a “sell” rating on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, November 14th. Barclays set a $10.00 target price on ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research note on Saturday, November 3rd. Finally, TheStreet cut ANNALY CAP MGMT/SH from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. ANNALY CAP MGMT/SH currently has an average rating of “Hold” and a consensus target price of $10.63.
Shares of NYSE:NLY opened at $9.94 on Monday. The firm has a market cap of $13.06 billion, a PE ratio of 8.15 and a beta of 0.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. ANNALY CAP MGMT/SH has a 1 year low of $9.70 and a 1 year 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 analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $315.62 million for the quarter, compared to the consensus estimate of $398.00 million. ANNALY CAP MGMT/SH had a return on equity of 12.21% and a net margin of 105.40%. During the same period in the prior year, the company posted $0.30 earnings per share. On average, research analysts predict that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were issued a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, September 27th. ANNALY CAP MGMT/SH’s payout ratio is currently 98.36%.
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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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