Baillie Gifford & Co. purchased a new position in ANNALY CAP MGMT/SH (NYSE:NLY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,433 shares of the real estate investment trust’s stock, valued at approximately $117,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Huber Financial Advisors LLC bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $105,000. Telemus Capital LLC bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $109,000. Pzena Investment Management LLC bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $116,000. Concorde Asset Management LLC bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $119,000. Finally, Mariner Investment Group LLC bought a new position in shares of ANNALY CAP MGMT/SH in the third quarter worth $122,000. 53.10% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on NLY shares. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, August 21st. Barclays set a $11.00 target price on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, TheStreet lowered shares of ANNALY CAP MGMT/SH from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.63.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. The company had revenue of $315.62 million during the quarter, compared to analyst estimates of $398.00 million. During the same period in the previous year, the business earned $0.30 earnings per share. Sell-side analysts predict that ANNALY CAP MGMT/SH will post 1.19 EPS for the current year.
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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