Lowe Wealth Advisors LLC purchased a new stake in ANNALY CAP MGMT/SH (NYSE:NLY) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 239,515 shares of the real estate investment trust’s stock, valued at approximately $2,392,000. ANNALY CAP MGMT/SH makes up approximately 1.4% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest holding.
A number of other institutional investors also recently made changes to their positions in NLY. Community Bank & Trust Waco Texas raised its position in ANNALY CAP MGMT/SH by 8.1% in the 4th quarter. Community Bank & Trust Waco Texas now owns 13,364 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,000 shares during the last quarter. Seelaus Asset Management LLC boosted its stake in shares of ANNALY CAP MGMT/SH by 3.4% during the fourth quarter. Seelaus Asset Management LLC now owns 31,459 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 1,025 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of ANNALY CAP MGMT/SH by 3.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 32,201 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 1,106 shares during the period. CWM LLC boosted its stake in shares of ANNALY CAP MGMT/SH by 55.9% during the fourth quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,108 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 9.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 15,087 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,263 shares during the last quarter. Institutional investors own 53.78% of the company’s stock.
Several analysts have commented on the company. TheStreet downgraded ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a research note on Friday, February 15th. Barclays set a $11.00 target price on ANNALY CAP MGMT/SH and gave the company a “buy” rating in a report on Friday, February 15th. Nomura started coverage on ANNALY CAP MGMT/SH in a research note on Wednesday, March 27th. They set a “buy” rating and a $11.00 price target for the company. Zacks Investment Research downgraded ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $10.00 to $10.50 in a research report on Sunday, January 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.83.
ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. ANNALY CAP MGMT/SH had a net margin of 1.98% and a return on equity of 12.39%. The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $383.65 million. During the same period in the prior year, the firm posted $0.31 EPS. On average, equities research analysts anticipate that ANNALY CAP MGMT/SH will post 1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.93%. The ex-dividend date is Thursday, March 28th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is currently 100.00%.
TRADEMARK VIOLATION WARNING: This piece was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2019/04/08/lowe-wealth-advisors-llc-buys-new-position-in-annaly-cap-mgmt-sh-nly.html.
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.
Recommended Story: How are the companies in the S&P 500 selected?
Receive News & Ratings for ANNALY CAP MGMT/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANNALY CAP MGMT/SH and related companies with MarketBeat.com's FREE daily email newsletter.