Northwest Capital Management Inc Makes New $744,000 Investment in ANNALY CAP MGMT/SH (NYSE:NLY)

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Northwest Capital Management Inc purchased a new position in shares of ANNALY CAP MGMT/SH (NYSE:NLY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 81,488 shares of the real estate investment trust’s stock, valued at approximately $744,000. ANNALY CAP MGMT/SH accounts for about 0.8% of Northwest Capital Management Inc’s portfolio, making the stock its 22nd biggest position.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new position in ANNALY CAP MGMT/SH during the 1st quarter worth $30,000. Hanson McClain Inc. lifted its holdings 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 valued at $31,000 after buying an additional 1,600 shares during the period. Rocky Mountain Advisers LLC acquired a new stake in shares of ANNALY CAP MGMT/SH in the second quarter valued at $30,000. Kistler Tiffany Companies LLC acquired a new stake in shares of ANNALY CAP MGMT/SH in the second quarter valued at $36,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of ANNALY CAP MGMT/SH in the first quarter valued at $40,000. Institutional investors own 56.06% of the company’s stock.

Several brokerages have recently weighed in on NLY. Zacks Investment Research upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a report on Monday, August 5th. ValuEngine lowered ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, UBS Group began coverage on ANNALY CAP MGMT/SH in a report on Friday, June 21st. They issued a “buy” rating and a $9.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $10.33.

Shares of ANNALY CAP MGMT/SH stock traded down $0.05 on Thursday, reaching $8.84. 392,258 shares of the company were exchanged, compared to its average volume of 13,080,906. The business has a fifty day simple moving average of $9.32. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 7.37 and a beta of 0.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.05 and a quick ratio of 0.05. ANNALY CAP MGMT/SH has a fifty-two week low of $8.74 and a fifty-two week high of $10.76.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date was Thursday, June 27th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is presently 100.00%.

In related news, Director Thomas Edward Hamilton bought 30,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $9.47 per share, with a total value of $284,100.00. Following the completion of the transaction, the director now directly owns 130,000 shares of the company’s stock, valued at $1,231,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by insiders.

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.

Further Reading: Economic Bubble

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

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