Northern Oak Wealth Management Inc. Sells 6,596 Shares of ANNALY CAP MGMT/SH (NLY)

Northern Oak Wealth Management Inc. lowered its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 23.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,345 shares of the real estate investment trust’s stock after selling 6,596 shares during the period. Northern Oak Wealth Management Inc.’s holdings in ANNALY CAP MGMT/SH were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in ANNALY CAP MGMT/SH in the 3rd quarter worth approximately $29,000. CWM LLC boosted its position in ANNALY CAP MGMT/SH by 55.9% in the 4th quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,108 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in ANNALY CAP MGMT/SH in the 4th quarter worth approximately $35,000. Parallel Advisors LLC boosted its position in ANNALY CAP MGMT/SH by 193.0% in the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,355 shares in the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in ANNALY CAP MGMT/SH in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 52.43% of the company’s stock.

NYSE NLY opened at $10.36 on Tuesday. ANNALY CAP MGMT/SH has a one year low of $9.57 and a one year high of $10.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $14.45 billion, a P/E ratio of 8.63 and a beta of 0.24.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. The firm had revenue of $272.90 million during the quarter, compared to the consensus estimate of $383.65 million. During the same period in the prior year, the company earned $0.31 EPS. On average, sell-side analysts forecast that ANNALY CAP MGMT/SH will post 1.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 11.58%. The ex-dividend date of this dividend is Thursday, March 28th. ANNALY CAP MGMT/SH’s payout ratio is currently 100.00%.

Several equities research analysts have commented on the company. TheStreet lowered ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Barclays reaffirmed a “buy” rating and set a $11.00 target price on shares of ANNALY CAP MGMT/SH in a research note on Thursday, February 21st. Keefe, Bruyette & Woods raised ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $10.00 to $10.50 in a research note on Sunday, January 13th. Finally, JPMorgan Chase & Co. raised ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $10.50 in a research note on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.80.

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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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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