Neuburgh Advisers LLC decreased its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 86.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,232 shares of the real estate investment trust’s stock after selling 80,498 shares during the quarter. Neuburgh Advisers LLC’s holdings in ANNALY CAP MGMT/SH were worth $112,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NLY. Wells Fargo & Company MN lifted its holdings in ANNALY CAP MGMT/SH by 134.6% in the first quarter. Wells Fargo & Company MN now owns 25,312,341 shares of the real estate investment trust’s stock valued at $252,870,000 after acquiring an additional 14,521,988 shares during the period. BlackRock Inc. lifted its holdings in ANNALY CAP MGMT/SH by 9.3% in the first quarter. BlackRock Inc. now owns 131,310,432 shares of the real estate investment trust’s stock valued at $1,311,790,000 after acquiring an additional 11,181,594 shares during the period. State Treasurer State of Michigan lifted its holdings in ANNALY CAP MGMT/SH by 17.8% in the second quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after acquiring an additional 5,000,000 shares during the period. Russell Investments Group Ltd. lifted its holdings in ANNALY CAP MGMT/SH by 454.0% in the second quarter. Russell Investments Group Ltd. now owns 3,734,529 shares of the real estate investment trust’s stock valued at $34,074,000 after acquiring an additional 3,060,464 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in ANNALY CAP MGMT/SH by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after acquiring an additional 2,661,206 shares during the period. 54.32% of the stock is currently owned by institutional investors.
NLY has been the topic of a number of recent research reports. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. UBS Group downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $9.50 to $8.00 in a research note on Tuesday, September 3rd. ValuEngine downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.08.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $177.38 million for the quarter, compared to the consensus estimate of $402.00 million. ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.04%. During the same period last year, the business posted $0.30 EPS. As a group, analysts predict that ANNALY CAP MGMT/SH will post 1.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.51%. The ex-dividend date is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
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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