Lake Point Wealth Management bought a new position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,572 shares of the real estate investment trust’s stock, valued at approximately $123,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Financial Planning LLC purchased a new stake in shares of ANNALY CAP MGMT/SH during the 4th quarter valued at about $27,000. Csenge Advisory Group acquired a new stake in ANNALY CAP MGMT/SH during the 3rd quarter valued at approximately $29,000. CWM LLC grew its stake in ANNALY CAP MGMT/SH by 55.9% during the 4th quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,108 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at approximately $35,000. Finally, Parallel Advisors LLC grew its stake in ANNALY CAP MGMT/SH by 193.0% during the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors own 53.80% of the company’s stock.
NLY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $10.50 in a research note on Wednesday, January 16th. Keefe, Bruyette & Woods upgraded ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $10.00 to $10.50 in a research note on Sunday, January 13th. Barclays set a $11.00 price objective on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a research note on Friday, February 15th. Nomura began coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Zacks Investment Research lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.83.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $272.90 million during the quarter, compared to analyst estimates of $383.65 million. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. During the same quarter last year, the firm earned $0.31 EPS. On average, sell-side analysts predict that ANNALY CAP MGMT/SH will post 1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 12.01%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.
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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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