Strs Ohio increased its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 5.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 313,112 shares of the real estate investment trust’s stock after purchasing an additional 16,455 shares during the period. Strs Ohio’s holdings in ANNALY CAP MGMT/SH were worth $2,858,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Marshall Wace LLP bought a new stake in ANNALY CAP MGMT/SH during the 1st quarter valued at $30,000. Hanson McClain Inc. raised its holdings in ANNALY CAP MGMT/SH by 105.8% during the 1st quarter. Hanson McClain Inc. now owns 3,113 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,600 shares during the last quarter. Kistler Tiffany Companies LLC bought a new stake in ANNALY CAP MGMT/SH during the 2nd quarter valued at $36,000. Marshall Wace North America L.P. bought a new stake in ANNALY CAP MGMT/SH during the 1st quarter valued at $40,000. Finally, NuWave Investment Management LLC raised its holdings in ANNALY CAP MGMT/SH by 66.8% during the 2nd quarter. NuWave Investment Management LLC now owns 4,391 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,758 shares during the last quarter. 56.94% of the stock is owned by institutional investors.
NYSE NLY traded down $0.09 during trading on Friday, hitting $9.44. The company had a trading volume of 9,907,995 shares, compared to its average volume of 12,998,929. The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of 0.26. ANNALY CAP MGMT/SH has a one year low of $8.74 and a one year high of $10.76. The firm has a market capitalization of $13.88 billion, a P/E ratio of 7.87 and a beta of 0.39. The stock has a fifty day simple moving average of $9.31.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 10.59%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
In related news, CIO David L. Finkelstein acquired 100,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $9.56 per share, for a total transaction of $956,000.00. Following the acquisition, the executive now owns 400,000 shares of the company’s stock, valued at $3,824,000. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Edward Hamilton acquired 30,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was bought at an average price of $9.47 per share, with a total value of $284,100.00. Following the completion of the acquisition, the director now directly owns 130,000 shares in the company, valued at approximately $1,231,100. The disclosure for this purchase can be found here. Insiders acquired a total of 182,780 shares of company stock valued at $1,743,037 over the last 90 days. Company insiders own 0.34% of the company’s stock.
A number of equities research analysts recently commented on NLY shares. JPMorgan Chase & Co. lowered their price target on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Monday, August 5th. ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, UBS Group started coverage on shares of ANNALY CAP MGMT/SH in a report on Friday, June 21st. They set a “buy” rating and a $9.50 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $10.33.
ANNALY CAP MGMT/SH Company 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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