Davidson Investment Advisors Raises Position in ANNALY CAP MGMT/SH (NYSE:NLY)

Davidson Investment Advisors raised its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,059,025 shares of the real estate investment trust’s stock after buying an additional 279,805 shares during the period. Davidson Investment Advisors owned approximately 0.07% of ANNALY CAP MGMT/SH worth $9,319,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 11.5% during the 2nd quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock worth $1,336,187,000 after purchasing an additional 15,040,653 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of ANNALY CAP MGMT/SH by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 134,709,321 shares of the real estate investment trust’s stock worth $1,229,897,000 after purchasing an additional 5,683,042 shares during the last quarter. State Treasurer State of Michigan lifted its position in shares of ANNALY CAP MGMT/SH by 17.8% during the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock worth $302,269,000 after purchasing an additional 5,000,000 shares during the last quarter. UBS Group AG lifted its position in shares of ANNALY CAP MGMT/SH by 7.4% during the 2nd quarter. UBS Group AG now owns 16,918,244 shares of the real estate investment trust’s stock worth $154,464,000 after purchasing an additional 1,166,130 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of ANNALY CAP MGMT/SH by 3.2% during the 2nd quarter. Northern Trust Corp now owns 12,726,883 shares of the real estate investment trust’s stock worth $116,197,000 after purchasing an additional 396,979 shares during the last quarter. 54.26% of the stock is owned by institutional investors.

NYSE:NLY traded down $0.01 during midday trading on Tuesday, hitting $9.10. 73,758 shares of the company were exchanged, compared to its average volume of 12,860,598. The company has a fifty day simple moving average of $8.83 and a 200 day simple moving average of $9.09. ANNALY CAP MGMT/SH has a fifty-two week low of $8.07 and a fifty-two week high of $10.51. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $13.04 billion, a PE ratio of 7.58 and a beta of 0.39.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). ANNALY CAP MGMT/SH had a positive return on equity of 11.66% and a negative net margin of 188.46%. The company had revenue of $152.39 million for the quarter, compared to analyst estimates of $449.05 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that ANNALY CAP MGMT/SH will post 0.98 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 10.99%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. UBS Group cut shares of 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 report on Tuesday, September 3rd. ValuEngine upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada assumed coverage on shares of ANNALY CAP MGMT/SH in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ANNALY CAP MGMT/SH has an average rating of “Buy” and an average price target of $10.07.

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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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