Sicart Associates LLC Makes New $116,000 Investment in ANNALY CAP MGMT/SH (NYSE:NLY)

Sicart Associates LLC acquired a new position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,863 shares of the real estate investment trust’s stock, valued at approximately $116,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NLY. Marshall Wace LLP bought a new stake in shares of ANNALY CAP MGMT/SH during the first quarter worth $30,000. Marshall Wace North America L.P. bought a new stake in shares of ANNALY CAP MGMT/SH during the first quarter worth $40,000. Metropolitan Life Insurance Co NY lifted its position in shares of ANNALY CAP MGMT/SH by 4.1% during the first quarter. Metropolitan Life Insurance Co NY now owns 33,525 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 1,324 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 51.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,932,317 shares of the real estate investment trust’s stock worth $19,304,000 after purchasing an additional 653,996 shares during the last quarter. Finally, Pensionfund DSM Netherlands bought a new stake in shares of ANNALY CAP MGMT/SH during the second quarter worth $2,283,000. 54.11% of the stock is owned by institutional investors.

Shares of NLY stock traded up $0.12 on Monday, hitting $8.90. The stock had a trading volume of 509,564 shares, compared to its average volume of 12,236,412. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $8.62 and a 200 day moving average price of $9.21. The company has a market cap of $12.86 billion, a PE ratio of 7.43 and a beta of 0.40. ANNALY CAP MGMT/SH has a one year low of $8.07 and a one year high of $10.51.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 11.24%. ANNALY CAP MGMT/SH’s payout ratio is currently 100.00%.

Several analysts have recently weighed in on NLY shares. UBS Group downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $9.50 to $8.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their price objective on 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 ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a report on Monday, August 5th. ValuEngine upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada began coverage on ANNALY CAP MGMT/SH in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Buy” and a consensus target price of $10.07.

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

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