Bank of America Corp DE lifted its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 7.1% during the second quarter, HoldingsChannel.com reports. The firm owned 3,377,165 shares of the real estate investment trust’s stock after purchasing an additional 223,408 shares during the period. Bank of America Corp DE’s holdings in ANNALY CAP MGMT/SH were worth $22,155,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NLY. Marshall Wace LLP acquired a new stake in shares of ANNALY CAP MGMT/SH during the 1st quarter worth approximately $30,000. CWM Advisors LLC bought a new stake in ANNALY CAP MGMT/SH in the first quarter valued at approximately $34,000. Berman Capital Advisors LLC grew its stake in ANNALY CAP MGMT/SH by 235.8% in the second quarter. Berman Capital Advisors LLC now owns 6,094 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 4,279 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of ANNALY CAP MGMT/SH in the first quarter worth $40,000. Finally, Ameritas Investment Company LLC lifted its holdings in ANNALY CAP MGMT/SH by 27.1% in the first quarter. Ameritas Investment Company LLC now owns 8,684 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,853 shares during the period. 47.55% of the stock is currently owned by hedge funds and other institutional investors.
ANNALY CAP MGMT/SH stock opened at $7.52 on Friday. The firm’s fifty day moving average is $7.42 and its 200 day moving average is $6.72. The company has a market capitalization of $10.55 billion, a PE ratio of -4.40 and a beta of 1.09. ANNALY CAP MGMT/SH has a 12-month low of $3.51 and a 12-month high of $10.50.
ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $398.78 million for the quarter, compared to analysts’ expectations of $205.00 million. ANNALY CAP MGMT/SH had a negative net margin of 74.09% and a positive return on equity of 12.15%. During the same quarter last year, the business earned $0.25 earnings per share. On average, analysts anticipate that ANNALY CAP MGMT/SH will post 1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 11.70%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is 120.00%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a report on Friday, July 31st. Piper Sandler began coverage on ANNALY CAP MGMT/SH in a research note on Tuesday, July 7th. They set an “overweight” rating and a $8.25 target price for the company. Deutsche Bank upped their target price on ANNALY CAP MGMT/SH from $7.75 to $8.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, TheStreet raised ANNALY CAP MGMT/SH from a “d+” rating to a “c” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $7.78.
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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