DNB Asset Management AS increased its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 66.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 295,085 shares of the real estate investment trust’s stock after acquiring an additional 117,587 shares during the period. DNB Asset Management AS’s holdings in ANNALY CAP MGMT/SH were worth $2,948,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of NLY. BlackRock Inc. boosted its stake in ANNALY CAP MGMT/SH by 12.6% during the 4th quarter. BlackRock Inc. now owns 120,128,838 shares of the real estate investment trust’s stock valued at $1,179,664,000 after purchasing an additional 13,472,763 shares during the period. Vanguard Group Inc boosted its stake in ANNALY CAP MGMT/SH by 11.9% during the 3rd quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock valued at $1,132,428,000 after purchasing an additional 11,751,750 shares during the period. FMR LLC boosted its stake in ANNALY CAP MGMT/SH by 3.6% during the 4th quarter. FMR LLC now owns 34,529,873 shares of the real estate investment trust’s stock valued at $339,083,000 after purchasing an additional 1,191,260 shares during the period. Geode Capital Management LLC boosted its stake in ANNALY CAP MGMT/SH by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock valued at $182,534,000 after purchasing an additional 2,661,206 shares during the period. Finally, Norges Bank bought a new stake in ANNALY CAP MGMT/SH during the 4th quarter valued at approximately $133,161,000. 53.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:NLY opened at $10.02 on Tuesday. ANNALY CAP MGMT/SH has a twelve month low of $9.57 and a twelve month high of $10.78. The company has a market cap of $14.04 billion, a P/E ratio of 8.35 and a beta of 0.24. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.27.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. ANNALY CAP MGMT/SH had a return on equity of 12.39% and a net margin of 1.98%. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $383.65 million. During the same quarter last year, the company earned $0.31 EPS. On average, equities research analysts forecast that ANNALY CAP MGMT/SH will post 1.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.98%. ANNALY CAP MGMT/SH’s dividend payout ratio is currently 100.00%.
Several analysts recently weighed in on the company. Nomura assumed coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $11.00 target price for the company. Barclays restated a “buy” rating and set a $11.00 target price on shares of ANNALY CAP MGMT/SH in a research note on Thursday, February 21st. TheStreet downgraded ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Finally, JPMorgan Chase & Co. upgraded ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and increased their target price for the company from $10.00 to $10.50 in a research note on Wednesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.83.
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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