Pictet Asset Management Ltd. Trims Stock Holdings in ANNALY CAP MGMT/SH (NYSE:NLY)

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Pictet Asset Management Ltd. trimmed its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 79.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,310 shares of the real estate investment trust’s stock after selling 1,880,401 shares during the period. Pictet Asset Management Ltd.’s holdings in ANNALY CAP MGMT/SH were worth $4,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of ANNALY CAP MGMT/SH by 9.3% during the 1st quarter. BlackRock Inc. now owns 131,310,432 shares of the real estate investment trust’s stock valued at $1,311,790,000 after purchasing an additional 11,181,594 shares in the last quarter. State Treasurer State of Michigan grew its position 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 worth $302,269,000 after acquiring an additional 5,000,000 shares in the last quarter. Wells Fargo & Company MN grew its position 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 worth $252,870,000 after acquiring an additional 14,521,988 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $182,534,000 after acquiring an additional 2,661,206 shares in the last quarter. Finally, Northern Trust Corp grew its position in ANNALY CAP MGMT/SH by 3.2% in the second quarter. Northern Trust Corp now owns 12,726,883 shares of the real estate investment trust’s stock worth $116,197,000 after acquiring an additional 396,979 shares in the last quarter. Institutional investors and hedge funds own 54.50% of the company’s stock.

ANNALY CAP MGMT/SH stock traded up $0.04 during mid-day trading on Tuesday, hitting $8.72. The company’s stock had a trading volume of 8,635,343 shares, compared to its average volume of 15,738,715. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $12.61 billion, a price-to-earnings ratio of 7.27 and a beta of 0.41. The business has a 50 day moving average price of $8.88 and a 200-day moving average price of $9.44. ANNALY CAP MGMT/SH has a 12 month low of $8.07 and a 12 month high of $10.51.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.47%. The ex-dividend date of this dividend is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 100.00%.

Several brokerages recently issued reports on NLY. JPMorgan Chase & Co. cut their target price 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. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Monday, August 5th. ValuEngine downgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, UBS Group downgraded shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $9.50 to $8.00 in a research note on Tuesday, September 3rd. One research 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. ANNALY CAP MGMT/SH presently has a consensus rating of “Hold” and an average target price of $10.08.

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

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