ANNALY CAP MGMT/SH (NYSE:NLY) Position Reduced by MML Investors Services LLC

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MML Investors Services LLC lessened its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 11.6% in the first quarter, Holdings Channel reports. The firm owned 77,080 shares of the real estate investment trust’s stock after selling 10,067 shares during the period. MML Investors Services LLC’s holdings in ANNALY CAP MGMT/SH were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in ANNALY CAP MGMT/SH by 126.7% in the fourth 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 purchasing an additional 3,868,272 shares during the last quarter. Semmax Financial Advisors Inc. grew its stake in ANNALY CAP MGMT/SH by 33.1% in the first quarter. Semmax Financial Advisors Inc. now owns 55,752 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 13,849 shares during the period. Wedbush Securities Inc. grew its stake in ANNALY CAP MGMT/SH by 5.6% in the first quarter. Wedbush Securities Inc. now owns 116,515 shares of the real estate investment trust’s stock valued at $1,164,000 after acquiring an additional 6,133 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in ANNALY CAP MGMT/SH by 15.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 116,179 shares of the real estate investment trust’s stock valued at $1,160,000 after acquiring an additional 15,696 shares during the period. Finally, Summit Securities Group LLC acquired a new position in ANNALY CAP MGMT/SH in the first quarter valued at about $108,000. Institutional investors and hedge funds own 57.24% of the company’s stock.

NYSE:NLY opened at $9.12 on Friday. ANNALY CAP MGMT/SH has a 1 year low of $8.74 and a 1 year high of $10.78. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 7.73 and a beta of 0.36.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $218.49 million during the quarter, compared to analysts’ expectations of $435.12 million. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The company’s revenue was down 57.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current year.

A number of research firms have issued reports on NLY. ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Nomura began coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Barclays reissued a “buy” rating and issued a $11.00 target price on shares of ANNALY CAP MGMT/SH in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $11.00.

In other news, insider Anthony C. Green acquired 50,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $9.56 per share, with a total value of $478,000.00. Following the completion of the transaction, the insider now directly owns 151,000 shares of the company’s stock, valued at $1,443,560. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Edward Hamilton acquired 30,000 shares of ANNALY CAP MGMT/SH stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $9.47 per share, with a total value of $284,100.00. Following the completion of the transaction, the director now directly owns 130,000 shares of the company’s stock, valued at $1,231,100. The disclosure for this purchase can be found here. Insiders have bought 482,780 shares of company stock valued at $4,629,037 over the last ninety days. 0.34% of the stock is owned by insiders.

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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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