Essex Financial Services Inc. Sells 2,000 Shares of ANNALY CAP MGMT/SH (NYSE:NLY)

Essex Financial Services Inc. trimmed its position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 58,550 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Essex Financial Services Inc.’s holdings in ANNALY CAP MGMT/SH were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of ANNALY CAP MGMT/SH by 11.5% during the 2nd quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock valued at $1,336,187,000 after purchasing an additional 15,040,653 shares during the period. Vanguard Group Inc. raised its position in shares of ANNALY CAP MGMT/SH by 4.4% during the 2nd quarter. Vanguard Group Inc. now owns 134,709,321 shares of the real estate investment trust’s stock valued at $1,229,897,000 after purchasing an additional 5,683,042 shares during the period. State Treasurer State of Michigan raised its position in shares of ANNALY CAP MGMT/SH by 17.8% during the 2nd quarter. State Treasurer State of Michigan now owns 33,107,190 shares of the real estate investment trust’s stock valued at $302,269,000 after purchasing an additional 5,000,000 shares during the period. UBS Group AG raised its position in shares of ANNALY CAP MGMT/SH by 7.4% during the 2nd quarter. UBS Group AG now owns 16,918,244 shares of the real estate investment trust’s stock valued at $154,464,000 after purchasing an additional 1,166,130 shares during the period. Finally, Northern Trust Corp raised its position in shares of ANNALY CAP MGMT/SH by 3.2% during the 2nd quarter. Northern Trust Corp now owns 12,726,883 shares of the real estate investment trust’s stock valued at $116,197,000 after purchasing an additional 396,979 shares during the period. Hedge funds and other institutional investors own 53.10% of the company’s stock.

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

NLY opened at $9.12 on Friday. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 7.60 and a beta of 0.39. The company has a fifty day moving average of $8.83 and a 200 day moving average of $9.09. ANNALY CAP MGMT/SH has a fifty-two week low of $8.07 and a fifty-two week high of $10.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.05 and a current ratio of 0.06.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.04). The company had revenue of $152.39 million for the quarter, compared to analysts’ expectations of $449.05 million. ANNALY CAP MGMT/SH had a negative net margin of 188.46% and a positive return on equity of 11.66%. During the same period in the previous year, the business posted $0.30 earnings per share. On average, equities research analysts forecast that ANNALY CAP MGMT/SH will post 0.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 10.96%. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

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

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