Federated Investors Inc. PA Reduces Position in ANNALY Cap Mgmt/SH (NLY)
Federated Investors Inc. PA trimmed its position in shares of ANNALY Cap Mgmt/SH (NYSE:NLY) by 36.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,484 shares of the real estate investment trust’s stock after selling 23,660 shares during the quarter. Federated Investors Inc. PA’s holdings in ANNALY Cap Mgmt/SH were worth $427,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meadow Creek Investment Management LLC grew its holdings in ANNALY Cap Mgmt/SH by 138.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 32,288 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 18,720 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in ANNALY Cap Mgmt/SH by 5.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 302,104 shares of the real estate investment trust’s stock valued at $3,108,000 after buying an additional 15,294 shares in the last quarter. Brown Advisory Inc. purchased a new position in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth $3,148,000. Fiduciary Financial Services of The Southwest Inc. TX grew its holdings in shares of ANNALY Cap Mgmt/SH by 232.0% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 34,046 shares of the real estate investment trust’s stock worth $350,000 after purchasing an additional 23,791 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of ANNALY Cap Mgmt/SH by 1.1% during the 2nd quarter. BlackRock Inc. now owns 97,930,510 shares of the real estate investment trust’s stock worth $1,007,706,000 after purchasing an additional 1,018,396 shares during the period. Hedge funds and other institutional investors own 51.27% of the company’s stock.
NYSE NLY opened at $10.24 on Wednesday. The firm has a market cap of $12.52 billion, a PE ratio of 8.39 and a beta of 0.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.02 and a quick ratio of 0.02. ANNALY Cap Mgmt/SH has a twelve month low of $9.94 and a twelve month high of $12.58.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th will be issued a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio is presently 98.36%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, August 21st. Barclays set a $11.00 price target on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a report on Tuesday, September 11th. ValuEngine cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, JPMorgan Chase & Co. increased their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.88.
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.
Read More: Diversification in Investing
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