SeaBridge Investment Advisors LLC purchased a new position in ANNALY CAP MGMT/SH (NYSE:NLY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 253,780 shares of the real estate investment trust’s stock, valued at approximately $2,233,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of ANNALY CAP MGMT/SH in the 3rd quarter worth approximately $88,000. Sicart Associates LLC acquired a new stake in ANNALY CAP MGMT/SH during the 3rd quarter valued at $116,000. Strs Ohio grew its holdings in ANNALY CAP MGMT/SH by 4.2% during the 3rd quarter. Strs Ohio now owns 326,163 shares of the real estate investment trust’s stock valued at $2,870,000 after buying an additional 13,051 shares during the last quarter. Whittier Trust Co. acquired a new stake in ANNALY CAP MGMT/SH during the 3rd quarter valued at $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ANNALY CAP MGMT/SH by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 383,185 shares of the real estate investment trust’s stock valued at $3,372,000 after buying an additional 60,065 shares during the last quarter. Institutional investors and hedge funds own 54.11% of the company’s stock.
NLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Royal Bank of Canada initiated coverage on ANNALY CAP MGMT/SH in a report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 target price on the stock. ValuEngine upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group cut ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and lowered their target price for the company from $9.50 to $8.00 in a report on Tuesday, September 3rd. Finally, Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.07.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a positive return on equity of 12.04% and a negative net margin of 155.89%. The business had revenue of $177.38 million for the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts anticipate that ANNALY CAP MGMT/SH will post 1.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 100.00%.
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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