Public Employees Retirement System of Ohio Sells 18,356 Shares of ANNALY CAP MGMT/SH (NYSE:NLY)

Public Employees Retirement System of Ohio cut its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,450 shares of the real estate investment trust’s stock after selling 18,356 shares during the period. Public Employees Retirement System of Ohio’s holdings in ANNALY CAP MGMT/SH were worth $4,551,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of ANNALY CAP MGMT/SH by 134.6% in the first quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after acquiring an additional 14,521,988 shares during the period. BlackRock Inc. increased its position in shares of ANNALY CAP MGMT/SH by 9.3% in the first quarter. BlackRock Inc. now owns 131,310,432 shares of the real estate investment trust’s stock valued at $1,311,790,000 after acquiring an additional 11,181,594 shares during the period. State Treasurer State of Michigan increased its position in shares of ANNALY CAP MGMT/SH by 17.8% in the second quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after acquiring an additional 5,000,000 shares during the period. Russell Investments Group Ltd. increased its position in shares of ANNALY CAP MGMT/SH by 454.0% in the second quarter. Russell Investments Group Ltd. now owns 3,734,529 shares of the real estate investment trust’s stock valued at $34,074,000 after acquiring an additional 3,060,464 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of ANNALY CAP MGMT/SH by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after acquiring an additional 2,661,206 shares during the period. 54.32% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE NLY traded up $0.10 during midday trading on Friday, hitting $8.70. 305,664 shares of the company traded hands, compared to its average volume of 16,231,318. ANNALY CAP MGMT/SH has a 12-month low of $8.07 and a 12-month high of $10.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a 50-day moving average price of $8.95 and a 200 day moving average price of $9.47. The firm has a market cap of $12.48 billion, a P/E ratio of 7.25 and a beta of 0.41.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.04%. The company had revenue of $177.38 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, equities analysts expect that ANNALY CAP MGMT/SH will post 1.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.

A number of equities analysts have issued reports on the stock. UBS Group cut shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $9.50 to $8.00 in a research report on Tuesday, September 3rd. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research report on Monday, August 5th. ValuEngine cut shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Hold” and an average price target of $10.08.

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.

Further Reading: How Investors Use a Balance Sheet

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

Receive News & Ratings for ANNALY CAP MGMT/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY CAP MGMT/SH and related companies with MarketBeat.com's FREE daily email newsletter.