NewSquare Capital LLC Boosts Stake in ANNALY CAP MGMT/SH (NYSE:NLY)

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NewSquare Capital LLC lifted its holdings in ANNALY CAP MGMT/SH (NYSE:NLY) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,769 shares of the real estate investment trust’s stock after purchasing an additional 15,651 shares during the quarter. NewSquare Capital LLC’s holdings in ANNALY CAP MGMT/SH were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of ANNALY CAP MGMT/SH by 11.5% in the second quarter. BlackRock Inc. now owns 146,351,085 shares of the real estate investment trust’s stock worth $1,336,187,000 after purchasing an additional 15,040,653 shares during the last quarter. Vanguard Group Inc. increased its position in ANNALY CAP MGMT/SH by 4.4% during the second 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 acquiring an additional 5,683,042 shares during the last quarter. State Treasurer State of Michigan increased its position in ANNALY CAP MGMT/SH by 17.8% during the second 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 acquiring an additional 5,000,000 shares during the last quarter. UBS Group AG increased its position in ANNALY CAP MGMT/SH by 7.4% during the second quarter. UBS Group AG now owns 16,918,244 shares of the real estate investment trust’s stock valued at $154,464,000 after acquiring an additional 1,166,130 shares during the last quarter. Finally, Northern Trust Corp increased its position in ANNALY CAP MGMT/SH by 3.2% during the second quarter. Northern Trust Corp now owns 12,726,883 shares of the real estate investment trust’s stock valued at $116,197,000 after acquiring an additional 396,979 shares during the last quarter. Hedge funds and other institutional investors own 54.31% of the company’s stock.

ANNALY CAP MGMT/SH stock traded down $0.02 during mid-day trading on Tuesday, reaching $8.65. 503,943 shares of the stock traded hands, compared to its average volume of 13,413,034. The stock has a market capitalization of $12.66 billion, a PE ratio of 7.20 and a beta of 0.40. 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 12-month low of $8.07 and a 12-month high of $10.51. The business’s 50-day moving average is $8.61 and its 200-day moving average is $9.24.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 11.56%. The ex-dividend date of this dividend is Friday, September 27th. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 100.00%.

A number of analysts recently commented on the company. UBS Group cut ANNALY CAP MGMT/SH from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $9.50 to $8.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their price objective on ANNALY CAP MGMT/SH from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. 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 research report on Monday, August 5th. Royal Bank of Canada assumed coverage on ANNALY CAP MGMT/SH in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $10.00 price objective for the company. Finally, ValuEngine upgraded ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a research 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 stock. ANNALY CAP MGMT/SH presently has an average 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.

Read More: What is the Dividend Aristocrat Index?

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

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