Stone Ridge Asset Management LLC Sells 395,200 Shares of ANNALY CAP MGMT/SH (NYSE:NLY)

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Stone Ridge Asset Management LLC reduced its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 59.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,937 shares of the real estate investment trust’s stock after selling 395,200 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in ANNALY CAP MGMT/SH were worth $2,464,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ellis Investment Partners LLC bought a new position in shares of ANNALY CAP MGMT/SH during the first quarter valued at about $28,000. Rocky Mountain Advisers LLC bought a new stake in shares of ANNALY CAP MGMT/SH in the second quarter worth about $30,000. Marshall Wace LLP bought a new stake in shares of ANNALY CAP MGMT/SH in the first quarter worth about $30,000. Hanson McClain Inc. grew its stake in shares of ANNALY CAP MGMT/SH by 105.8% in the first quarter. Hanson McClain Inc. now owns 3,113 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of ANNALY CAP MGMT/SH in the second quarter worth about $36,000. 53.70% of the stock is currently owned by hedge funds and other institutional investors.

NLY traded down $0.15 on Friday, hitting $8.80. The company had a trading volume of 9,623,777 shares, compared to its average volume of 13,171,552. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05. ANNALY CAP MGMT/SH has a 52-week low of $8.74 and a 52-week high of $10.76. The stock has a fifty day simple moving average of $9.28 and a 200-day simple moving average of $9.65. The firm has a market capitalization of $13.03 billion, a P/E ratio of 7.33 and a beta of 0.39.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a positive return on equity of 12.04% and a negative net margin of 155.89%. The company had revenue of $177.38 million during the quarter, compared to analysts’ expectations of $402.00 million. During the same quarter last year, the business earned $0.30 earnings per share. Equities research analysts expect that ANNALY CAP MGMT/SH will post 1.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 annualized dividend and a yield of 11.36%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.

Several analysts recently issued reports on NLY shares. 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 research note on Monday, August 5th. ValuEngine cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut their target price 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. Finally, UBS Group started coverage on ANNALY CAP MGMT/SH in a research note on Friday, June 21st. They issued a “buy” rating and a $9.50 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.33.

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

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