Camelot Portfolios LLC Cuts Holdings in ANNALY CAP MGMT/SH (NYSE:NLY)

Camelot Portfolios LLC lessened its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 39.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,785 shares of the real estate investment trust’s stock after selling 34,598 shares during the period. Camelot Portfolios LLC’s holdings in ANNALY CAP MGMT/SH were worth $465,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NLY. Gateway Investment Advisers LLC boosted its stake in shares of ANNALY CAP MGMT/SH by 0.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 393,210 shares of the real estate investment trust’s stock valued at $3,460,000 after purchasing an additional 2,994 shares in the last quarter. Boenning & Scattergood Inc. boosted its stake in shares of ANNALY CAP MGMT/SH by 9.7% in the 3rd quarter. Boenning & Scattergood Inc. now owns 115,871 shares of the real estate investment trust’s stock valued at $1,020,000 after purchasing an additional 10,290 shares in the last quarter. Successful Portfolios LLC boosted its stake in shares of ANNALY CAP MGMT/SH by 11.1% in the 3rd quarter. Successful Portfolios LLC now owns 19,648 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,964 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of ANNALY CAP MGMT/SH in the 3rd quarter valued at $49,000. Finally, We Are One Seven LLC purchased a new stake in shares of ANNALY CAP MGMT/SH in the 3rd quarter valued at $116,000. 54.31% of the stock is owned by institutional investors and hedge funds.

NYSE:NLY traded up $0.01 during midday trading on Wednesday, reaching $8.66. 309,424 shares of the stock traded hands, compared to its average volume of 13,413,034. The company has a fifty day moving average of $8.61 and a 200 day moving average of $9.23. ANNALY CAP MGMT/SH has a 12 month low of $8.07 and a 12 month high of $10.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $12.59 billion, a P/E ratio of 7.22 and a beta of 0.40.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). ANNALY CAP MGMT/SH had a negative net margin of 155.89% and a positive return on equity of 12.04%. The firm had revenue of $177.38 million for the quarter, compared to the consensus estimate of $402.00 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, analysts predict that ANNALY CAP MGMT/SH will post 1.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 11.55%. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.

A number of equities research analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. cut their price objective on shares of ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada assumed coverage on shares of ANNALY CAP MGMT/SH in a report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price target for the company. UBS Group lowered shares of ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and lowered their price target for the company from $9.50 to $8.00 in a report on Tuesday, September 3rd. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Monday, August 5th. Finally, ValuEngine upgraded shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $10.07.

ANNALY CAP MGMT/SH 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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Institutional Ownership by Quarter for ANNALY CAP MGMT/SH (NYSE:NLY)

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