Symons Capital Management Inc. cut its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 778,213 shares of the real estate investment trust’s stock after selling 82,303 shares during the quarter. ANNALY CAP MGMT/SH makes up approximately 3.2% of Symons Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Symons Capital Management Inc.’s holdings in ANNALY CAP MGMT/SH were worth $6,848,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of ANNALY CAP MGMT/SH in the 1st quarter valued at about $30,000. Rocky Mountain Advisers LLC bought a new stake in ANNALY CAP MGMT/SH in the 2nd quarter valued at about $30,000. CSat Investment Advisory L.P. bought a new stake in ANNALY CAP MGMT/SH in the 2nd quarter valued at about $35,000. Parallel Advisors LLC increased its position in ANNALY CAP MGMT/SH by 135.0% in the 3rd quarter. Parallel Advisors LLC now owns 3,863 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 2,219 shares in the last quarter. Finally, Kistler Tiffany Companies LLC bought a new stake in ANNALY CAP MGMT/SH in the 2nd quarter valued at about $36,000. 53.10% of the stock is currently owned by hedge funds and other institutional investors.
NLY traded up $0.04 during midday trading on Friday, reaching $9.12. 8,136,009 shares of the company were exchanged, compared to its average volume of 14,869,789. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.05 and a current ratio of 0.06. The company’s fifty day moving average price is $8.83 and its 200 day moving average price is $9.09. The company has a market cap of $12.83 billion, a price-to-earnings ratio of 7.60 and a beta of 0.39. ANNALY CAP MGMT/SH has a one year low of $8.07 and a one year high of $10.51.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date was Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
A number of brokerages recently commented on NLY. Royal Bank of Canada began coverage on ANNALY CAP MGMT/SH in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $10.00 target price for the company. UBS Group lowered ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and decreased their target price for the company from $9.50 to $8.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. decreased their target price on 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 raised 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. Finally, ValuEngine raised ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently 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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