ANNALY CAP MGMT/SH (NYSE:NLY) Stock Holdings Lessened by State of Michigan Retirement System

State of Michigan Retirement System lowered its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 42.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,100,000 shares of the real estate investment trust’s stock after selling 14,007,190 shares during the quarter. ANNALY CAP MGMT/SH comprises about 1.5% of State of Michigan Retirement System’s holdings, making the stock its 8th largest position. State of Michigan Retirement System’s holdings in ANNALY CAP MGMT/SH were worth $168,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Albert D Mason Inc. grew its holdings in shares of ANNALY CAP MGMT/SH by 2.2% during the second quarter. Albert D Mason Inc. now owns 49,615 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 1,090 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 6.8% during the second quarter. SeaCrest Wealth Management LLC now owns 18,021 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 1,155 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of ANNALY CAP MGMT/SH by 4.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 29,705 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 1,160 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 4.7% during the second quarter. Oakbrook Investments LLC now owns 29,000 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,300 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings 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 buying an additional 1,324 shares during the last quarter. 54.11% of the stock is currently owned by hedge funds and other institutional investors.

NLY traded up $0.05 during trading on Wednesday, reaching $8.94. The company’s stock had a trading volume of 180,328 shares, compared to its average volume of 12,380,471. ANNALY CAP MGMT/SH has a 52-week low of $8.07 and a 52-week high of $10.51. The company’s fifty day moving average price is $8.67 and its 200-day moving average price is $9.19. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 7.45 and a beta of 0.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $177.38 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts predict 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. Stockholders of record on Monday, September 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.19%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

A number of brokerages have weighed in on NLY. 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 on the stock. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. lowered their price objective 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. Finally, UBS Group lowered ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $9.50 to $8.00 in a report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $10.07.

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.

Further Reading: Oversold

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

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