TD Asset Management Inc. lifted its holdings in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,241,628 shares of the real estate investment trust’s stock after acquiring an additional 341,200 shares during the quarter. TD Asset Management Inc.’s holdings in ANNALY Cap Mgmt/SH were worth $43,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mycio Wealth Partners LLC bought a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $103,000. FormulaFolio Investments LLC bought a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter valued at $107,000. O Dell Group LLC bought a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter valued at $107,000. Telemus Capital LLC bought a new stake in ANNALY Cap Mgmt/SH in the 3rd quarter valued at $109,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter valued at $116,000. Institutional investors own 53.91% of the company’s stock.
NLY has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a research note on Monday, July 23rd. Zacks Investment Research downgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Barclays set a $11.00 price target on ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a research note on Tuesday, September 11th. Finally, TheStreet downgraded ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $10.63.
ANNALY Cap Mgmt/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $315.62 million during 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 previous year, the company posted $0.30 EPS. On average, research analysts expect that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, September 28th were issued a $0.078 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.31 annualized dividend and a yield of 3.14%. ANNALY Cap Mgmt/SH’s dividend payout ratio is presently 98.36%.
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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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