Equity Investment Corp Sells 50,711 Shares of ANNALY Cap Mgmt/SH (NLY)

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Equity Investment Corp lessened its stake in ANNALY Cap Mgmt/SH (NYSE:NLY) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 4,146,079 shares of the real estate investment trust’s stock after selling 50,711 shares during the period. Equity Investment Corp’s holdings in ANNALY Cap Mgmt/SH were worth $42,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. State Treasurer State of Michigan bought a new stake in shares of ANNALY Cap Mgmt/SH in the 3rd quarter valued at about $282,167,000. Acadian Asset Management LLC grew its position in shares of ANNALY Cap Mgmt/SH by 958.0% in the 3rd quarter. Acadian Asset Management LLC now owns 2,581,874 shares of the real estate investment trust’s stock valued at $26,409,000 after buying an additional 2,337,849 shares during the last quarter. Morgan Stanley grew its position in shares of ANNALY Cap Mgmt/SH by 59.1% in the 2nd quarter. Morgan Stanley now owns 5,233,325 shares of the real estate investment trust’s stock valued at $53,851,000 after buying an additional 1,944,084 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of ANNALY Cap Mgmt/SH by 16.7% in the 1st quarter. Allianz Asset Management GmbH now owns 9,443,757 shares of the real estate investment trust’s stock valued at $98,498,000 after buying an additional 1,353,121 shares during the last quarter. Finally, Natixis grew its position in shares of ANNALY Cap Mgmt/SH by 129.6% in the 2nd quarter. Natixis now owns 1,841,389 shares of the real estate investment trust’s stock valued at $18,948,000 after buying an additional 1,039,393 shares during the last quarter. Hedge funds and other institutional investors own 53.91% of the company’s stock.

Shares of ANNALY Cap Mgmt/SH stock opened at $9.95 on Wednesday. ANNALY Cap Mgmt/SH has a one year low of $9.70 and a one year high of $12.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market cap of $11.84 billion, a P/E ratio of 8.16 and a beta of 0.13.

ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a return on equity of 12.38% and a net margin of 105.40%. The company had revenue of $315.62 million for the quarter, compared to analyst estimates of $398.00 million. During the same quarter in the prior year, the company earned $0.30 EPS. Equities research analysts expect that ANNALY Cap Mgmt/SH will post 1.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.31 annualized dividend and a dividend yield of 3.14%. ANNALY Cap Mgmt/SH’s payout ratio is 98.36%.

A number of equities research analysts have commented on the company. Barclays set a $10.00 price target on ANNALY Cap Mgmt/SH and gave the company a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 21st. JPMorgan Chase & Co. upped their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a “$10.45” rating in a research report on Monday, July 23rd. Finally, TheStreet lowered ANNALY Cap Mgmt/SH from a “b” rating to a “c+” rating in a research report on Thursday, October 11th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. ANNALY Cap Mgmt/SH has a consensus rating of “Hold” and an average price target of $10.63.

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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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Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANNALY Cap Mgmt/SH (NYSE:NLY).

Institutional Ownership by Quarter for ANNALY Cap Mgmt/SH (NYSE:NLY)

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