Achmea Investment Management B.V. trimmed its holdings in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 45.4% during the 4th quarter, Holdings Channel reports. The firm owned 299,653 shares of the real estate investment trust’s stock after selling 249,079 shares during the quarter. Achmea Investment Management B.V.’s holdings in ANNALY CAP MGMT/SH were worth $2,942,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Csenge Advisory Group purchased a new stake in ANNALY CAP MGMT/SH during the 3rd quarter valued at $29,000. CWM LLC boosted its stake in ANNALY CAP MGMT/SH by 55.9% during the 4th quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,108 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at $35,000. Parallel Advisors LLC boosted its stake in ANNALY CAP MGMT/SH by 193.0% during the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 52.87% of the company’s stock.
Several brokerages have commented on NLY. TheStreet downgraded ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Barclays set a $11.00 price target on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. Zacks Investment Research cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Keefe, Bruyette & Woods raised ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and increased their price target for the company from $10.00 to $10.50 in a report on Sunday, January 13th. Finally, JPMorgan Chase & Co. raised ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and increased their price target for the company from $10.00 to $10.50 in a report on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.80.
NYSE NLY opened at $10.31 on Friday. The firm has a market cap of $14.36 billion, a PE ratio of 8.59 and a beta of 0.24. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.27. ANNALY CAP MGMT/SH has a 1-year low of $9.57 and a 1-year high of $10.78.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $383.65 million. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. During the same period in the prior year, the firm earned $0.31 EPS. As a group, analysts forecast that ANNALY CAP MGMT/SH will post 1.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.64%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.
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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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