Cullen Frost Bankers Inc. trimmed its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,506 shares of the real estate investment trust’s stock after selling 20,139 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in ANNALY CAP MGMT/SH were worth $902,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of ANNALY CAP MGMT/SH in the first quarter valued at about $30,000. Rocky Mountain Advisers LLC bought a new stake in shares of ANNALY CAP MGMT/SH in the second quarter valued at about $30,000. CSat Investment Advisory L.P. bought a new stake in shares of ANNALY CAP MGMT/SH in the second quarter valued at about $35,000. Kistler Tiffany Companies LLC bought a new stake in shares of ANNALY CAP MGMT/SH in the second quarter valued at about $36,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of ANNALY CAP MGMT/SH in the first quarter valued at about $40,000. 53.10% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on NLY. JPMorgan Chase & Co. reduced their target price on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada began coverage on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price for the company. UBS Group cut shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and reduced their target price for the company from $9.50 to $8.00 in a research report on Tuesday, September 3rd. ValuEngine raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.07.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.04). The company had revenue of $152.39 million during the quarter, compared to analyst estimates of $449.05 million. ANNALY CAP MGMT/SH had a negative net margin of 188.46% and a positive return on equity of 11.66%. During the same period last year, the firm earned $0.30 EPS. On average, analysts anticipate that ANNALY CAP MGMT/SH will post 0.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date of this dividend was Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
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.
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