Commonwealth Equity Services LLC increased its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 629,340 shares of the real estate investment trust’s stock after purchasing an additional 29,948 shares during the period. Commonwealth Equity Services LLC’s holdings in ANNALY CAP MGMT/SH were worth $6,287,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Capital Financial Planning LLC purchased a new stake in shares of ANNALY CAP MGMT/SH in the fourth quarter worth $27,000. Ellis Investment Partners LLC purchased a new stake in shares of ANNALY CAP MGMT/SH in the first quarter worth $28,000. Hanson McClain Inc. grew its stake in shares of ANNALY CAP MGMT/SH by 105.8% in the first quarter. Hanson McClain Inc. now owns 3,113 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,600 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of ANNALY CAP MGMT/SH by 193.0% in the fourth quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Bruderman Asset Management LLC purchased a new stake in shares of ANNALY CAP MGMT/SH in the fourth quarter worth $36,000. 57.24% of the stock is currently owned by institutional investors.
ANNALY CAP MGMT/SH stock opened at $9.04 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.08 and a current ratio of 0.08. ANNALY CAP MGMT/SH has a one year low of $8.74 and a one year high of $10.78. The firm has a market cap of $13.11 billion, a P/E ratio of 7.53 and a beta of 0.36.
ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. ANNALY CAP MGMT/SH had a positive return on equity of 12.34% and a negative net margin of 77.68%. The company had revenue of $218.49 million for the quarter, compared to the consensus estimate of $435.12 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. ANNALY CAP MGMT/SH’s revenue was down 57.3% on a year-over-year basis. As a group, equities analysts anticipate that ANNALY CAP MGMT/SH will post 1.06 EPS for the current fiscal year.
In other news, CEO Kevin Keyes bought 300,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,284,779 shares in the company, valued at $12,359,573.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony C. Green bought 50,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was purchased at an average cost of $9.56 per share, for a total transaction of $478,000.00. Following the acquisition, the insider now owns 151,000 shares of the company’s stock, valued at approximately $1,443,560. The disclosure for this purchase can be found here. In the last three months, insiders acquired 482,780 shares of company stock worth $4,629,037. 0.34% of the stock is owned by corporate insiders.
A number of research firms have recently commented on NLY. Nomura began coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $11.00 target price on the stock. Barclays set a $11.00 target price on ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a research note on Friday, February 15th. TheStreet cut ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Zacks Investment Research raised ANNALY CAP MGMT/SH from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, April 24th. Finally, ValuEngine cut ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.00.
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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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