AMP Capital Investors Ltd decreased its holdings in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) by 23.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 507,793 shares of the real estate investment trust’s stock after selling 158,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in ANNALY Cap Mgmt/SH were worth $5,225,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mycio Wealth Partners LLC acquired a new position in ANNALY Cap Mgmt/SH during the second quarter worth about $103,000. FormulaFolio Investments LLC acquired a new position in ANNALY Cap Mgmt/SH during the second quarter worth about $107,000. O Dell Group LLC acquired a new position in ANNALY Cap Mgmt/SH during the second quarter worth about $107,000. Allen Investment Management LLC bought a new stake in shares of ANNALY Cap Mgmt/SH during the first quarter worth about $110,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of ANNALY Cap Mgmt/SH during the first quarter worth about $114,000. 53.50% of the stock is owned by hedge funds and other institutional investors.
NLY has been the topic of several research reports. Zacks Investment Research cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. reduced their price target on ANNALY Cap Mgmt/SH from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, May 22nd. ValuEngine cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Barclays set a $11.00 price target on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a report on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.88.
ANNALY Cap Mgmt/SH (NYSE:NLY) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $334.11 million for the quarter, compared to analysts’ expectations of $330.95 million. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. During the same period in the previous year, the business posted $0.30 earnings per share. sell-side analysts anticipate that ANNALY Cap Mgmt/SH will post 1.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be issued a dividend of $0.078 per share. This represents a $0.31 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio (DPR) is currently 72.95%.
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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