HighPoint Advisor Group LLC increased its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 7.0% during the first quarter, HoldingsChannel.com reports. The fund owned 31,966 shares of the real estate investment trust’s stock after buying an additional 2,079 shares during the period. HighPoint Advisor Group LLC’s holdings in ANNALY CAP MGMT/SH were worth $308,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in ANNALY CAP MGMT/SH in the 4th quarter valued at $133,161,000. BlackRock Inc. increased its stake in ANNALY CAP MGMT/SH by 12.6% in the 4th quarter. BlackRock Inc. now owns 120,128,838 shares of the real estate investment trust’s stock valued at $1,179,664,000 after buying an additional 13,472,763 shares during the last quarter. Vanguard Group Inc increased its stake in ANNALY CAP MGMT/SH by 11.9% in the 3rd quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after buying an additional 11,751,750 shares during the last quarter. Deutsche Bank AG increased its stake in ANNALY CAP MGMT/SH by 102.9% in the 4th quarter. Deutsche Bank AG now owns 9,510,491 shares of the real estate investment trust’s stock valued at $93,389,000 after buying an additional 4,823,911 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in ANNALY CAP MGMT/SH by 126.7% in 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 buying an additional 3,868,272 shares during the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.
Several research analysts have recently weighed in on NLY shares. Zacks Investment Research lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research note on Friday, February 15th. TheStreet lowered shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Nomura started coverage on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, ValuEngine lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. ANNALY CAP MGMT/SH presently has a consensus rating of “Buy” and an average target price of $11.00.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $218.49 million for the quarter, compared to analyst estimates of $435.12 million. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. ANNALY CAP MGMT/SH’s revenue for the quarter was down 57.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Research analysts expect that ANNALY CAP MGMT/SH will post 1.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 12.90%. The ex-dividend date was Thursday, March 28th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.
In related news, CEO Kevin Keyes bought 300,000 shares of ANNALY CAP MGMT/SH stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the acquisition, the chief executive officer now owns 1,284,779 shares of the company’s stock, valued at approximately $12,359,573.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO David L. Finkelstein bought 100,000 shares of ANNALY CAP MGMT/SH stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $9.56 per share, with a total value of $956,000.00. Following the acquisition, the executive now directly owns 400,000 shares in the company, valued at approximately $3,824,000. The disclosure for this purchase can be found here. Insiders have purchased a total of 480,000 shares of company stock valued at $4,604,100 in the last ninety days. 0.34% of the stock is currently owned by insiders.
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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.
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