Prudential Financial Inc. increased its holdings in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,412,988 shares of the real estate investment trust’s stock after purchasing an additional 308,262 shares during the period. Prudential Financial Inc. owned 0.18% of ANNALY CAP MGMT/SH worth $24,685,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Huber Financial Advisors LLC purchased a new position in ANNALY CAP MGMT/SH in the 3rd quarter valued at about $105,000. O Dell Group LLC purchased a new position in ANNALY CAP MGMT/SH in the 2nd quarter valued at about $107,000. Telemus Capital LLC purchased a new position in ANNALY CAP MGMT/SH in the 3rd quarter valued at about $109,000. Concorde Asset Management LLC purchased a new position in ANNALY CAP MGMT/SH in the 3rd quarter valued at about $119,000. Finally, Mariner Investment Group LLC purchased a new position in ANNALY CAP MGMT/SH in the 3rd quarter valued at about $122,000. 53.10% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on NLY shares. TheStreet cut shares of ANNALY CAP MGMT/SH from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Barclays set a $11.00 target price on shares of ANNALY CAP MGMT/SH and gave the company a “hold” rating in a research note on Tuesday, September 11th. Finally, Zacks Investment Research lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.63.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its 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 business had revenue of $315.62 million for the quarter, compared to analyst estimates of $398.00 million. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. During the same quarter in the prior year, the business posted $0.30 EPS. Sell-side analysts forecast that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were paid a $0.078 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.14%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 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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