Narwhal Capital Management increased its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,935 shares of the real estate investment trust’s stock after buying an additional 24,750 shares during the quarter. Narwhal Capital Management’s holdings in ANNALY CAP MGMT/SH were worth $2,986,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of ANNALY CAP MGMT/SH by 126.7% during the 4th quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock valued at $67,959,000 after acquiring an additional 3,868,272 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in ANNALY CAP MGMT/SH by 9.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 1,623,412 shares of the real estate investment trust’s stock valued at $15,942,000 after purchasing an additional 136,403 shares during the period. Prudential PLC raised its stake in ANNALY CAP MGMT/SH by 352.0% during the 4th quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 41,700 shares during the period. Lake Point Wealth Management acquired a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at $123,000. Finally, Riverstone Advisors LLC acquired a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at $178,000. 53.84% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the stock. Barclays set a $11.00 price target on shares of ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research note on Friday, February 15th. Nomura initiated coverage on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They set a “buy” rating and a $11.00 target price on the stock. TheStreet downgraded shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Zacks Investment Research cut shares of ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods upgraded shares of ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and increased their target price for the company from $10.00 to $10.50 in a research note on Sunday, January 13th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.00.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.70%. The business had revenue of $218.49 million during the quarter, compared to analyst estimates of $435.12 million. During the same quarter last year, the business posted $0.30 earnings per share. ANNALY CAP MGMT/SH’s revenue for the quarter was down 57.3% compared to the same quarter last year. Equities analysts predict that ANNALY CAP MGMT/SH will post 1.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 12.37%. ANNALY CAP MGMT/SH’s payout ratio is presently 100.00%.
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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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