First Hawaiian Bank Boosts Position in ANNALY CAP MGMT/SH (NLY)
First Hawaiian Bank boosted its stake in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 111.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,804 shares of the real estate investment trust’s stock after purchasing an additional 11,480 shares during the period. First Hawaiian Bank’s holdings in ANNALY CAP MGMT/SH were worth $218,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its position in ANNALY CAP MGMT/SH by 126.7% during the fourth quarter. Bank of America Corp DE now owns 6,920,378 shares of the real estate investment trust’s stock valued at $67,959,000 after buying an additional 3,868,272 shares during the period. State Board of Administration of Florida Retirement System grew its position in ANNALY CAP MGMT/SH by 9.2% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,623,412 shares of the real estate investment trust’s stock valued at $15,942,000 after buying an additional 136,403 shares during the period. Prudential PLC grew its position in ANNALY CAP MGMT/SH by 352.0% during the fourth quarter. Prudential PLC now owns 53,548 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 41,700 shares during the period. NuWave Investment Management LLC grew its position in ANNALY CAP MGMT/SH by 234.5% during the fourth quarter. NuWave Investment Management LLC now owns 18,181 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 12,745 shares during the period. Finally, Riverstone Advisors LLC bought a new position in ANNALY CAP MGMT/SH during the fourth quarter valued at about $178,000. Institutional investors own 53.78% of the company’s stock.
Several equities analysts recently weighed in on the stock. Nomura assumed coverage on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They set a “buy” rating and a $11.00 price target for the company. Barclays restated a “buy” rating and set a $11.00 price target on shares of ANNALY CAP MGMT/SH in a research report on Thursday, February 21st. TheStreet lowered shares of ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, JPMorgan Chase & Co. raised shares of ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $10.50 in a report on Wednesday, January 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.83.
ANNALY CAP MGMT/SH (NYSE:NLY) last released its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $383.65 million. ANNALY CAP MGMT/SH had a net margin of 1.98% and a return on equity of 12.39%. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, analysts anticipate that ANNALY CAP MGMT/SH will post 1.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Thursday, March 28th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.
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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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