SG Americas Securities LLC Boosts Position in ANNALY CAP MGMT/SH (NYSE:NLY)

SG Americas Securities LLC raised its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 135.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,948,455 shares of the real estate investment trust’s stock after buying an additional 1,119,524 shares during the quarter. SG Americas Securities LLC’s holdings in ANNALY CAP MGMT/SH were worth $17,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NLY. Rocky Mountain Advisers LLC purchased a new position in ANNALY CAP MGMT/SH during the 2nd quarter valued at about $30,000. Marshall Wace LLP purchased a new position in ANNALY CAP MGMT/SH during the 1st quarter valued at about $30,000. Parallel Advisors LLC grew its holdings in ANNALY CAP MGMT/SH by 135.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,863 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,219 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in ANNALY CAP MGMT/SH during the 2nd quarter valued at about $35,000. Finally, Kistler Tiffany Companies LLC purchased a new position in ANNALY CAP MGMT/SH during the 2nd quarter valued at about $36,000. 53.10% of the stock is owned by institutional investors and hedge funds.

NLY has been the subject of several recent analyst reports. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. 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 price objective for the company. JPMorgan Chase & Co. cut 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 raised 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. Finally, UBS Group lowered ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $9.50 to $8.00 in a report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $10.07.

Shares of NYSE NLY traded up $0.04 during midday trading on Friday, hitting $9.12. 8,234,375 shares of the company’s stock were exchanged, compared to its average volume of 14,869,789. ANNALY CAP MGMT/SH has a 12-month low of $8.07 and a 12-month high of $10.51. The company has a current ratio of 0.06, a quick ratio of 0.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 7.60 and a beta of 0.39. The business’s fifty day moving average price is $8.82 and its two-hundred day moving average price is $9.10.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). ANNALY CAP MGMT/SH had a positive return on equity of 11.66% and a negative net margin of 188.46%. The business had revenue of $152.39 million for the quarter, compared to analysts’ expectations of $449.05 million. During the same period in the previous year, the firm posted $0.30 EPS. Equities analysts expect that ANNALY CAP MGMT/SH will post 0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.96%. The ex-dividend date was Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.

About ANNALY CAP MGMT/SH

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.

Read More: How analysts view the yield curve

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANNALY CAP MGMT/SH (NYSE:NLY).

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.