Pinnacle Associates Ltd. Buys 4,706 Shares of ANNALY CAP MGMT/SH (NYSE:NLY)

Pinnacle Associates Ltd. lifted its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,653 shares of the real estate investment trust’s stock after buying an additional 4,706 shares during the period. Pinnacle Associates Ltd.’s holdings in ANNALY CAP MGMT/SH were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Capital Financial Planning LLC bought a new position in shares of ANNALY CAP MGMT/SH in the fourth quarter valued at approximately $27,000. Ellis Investment Partners LLC bought a new position in shares of ANNALY CAP MGMT/SH in the first quarter valued at approximately $28,000. CWM LLC increased its holdings in shares of ANNALY CAP MGMT/SH by 55.9% in the fourth quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,108 shares in the last quarter. Hanson McClain Inc. increased 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 purchasing an additional 1,600 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of ANNALY CAP MGMT/SH by 193.0% in the fourth quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,355 shares in the last quarter. Institutional investors and hedge funds own 57.19% of the company’s stock.

In other news, Director Thomas Edward Hamilton acquired 30,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $9.47 per share, for a total transaction of $284,100.00. Following the completion of the transaction, the director now directly owns 130,000 shares in the company, valued at approximately $1,231,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Keyes acquired 300,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $9.62 per share, with a total value of $2,886,000.00. Following the completion of the transaction, the chief executive officer now owns 1,284,779 shares of the company’s stock, valued at $12,359,573.98. The disclosure for this purchase can be found here. In the last three months, insiders purchased 482,780 shares of company stock valued at $4,629,037. 0.34% of the stock is owned by insiders.

A number of analysts have commented on the stock. ValuEngine raised shares of ANNALY CAP MGMT/SH from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research cut shares of ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 17th. UBS Group started coverage on shares of ANNALY CAP MGMT/SH in a research report on Friday, June 21st. They set a “buy” rating and a $9.50 price target on the stock. Finally, Nomura started coverage on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, March 27th. They set a “buy” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.75.

Shares of ANNALY CAP MGMT/SH stock traded up $0.03 during trading on Friday, hitting $9.13. 19,916,890 shares of the stock were exchanged, compared to its average volume of 15,798,451. The firm has a market cap of $13.53 billion, a PE ratio of 7.61 and a beta of 0.36. The stock has a fifty day moving average of $9.20. ANNALY CAP MGMT/SH has a 1-year low of $8.74 and a 1-year high of $10.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.08 and a quick ratio of 0.08.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $218.49 million for the quarter, compared to analyst estimates of $435.12 million. ANNALY CAP MGMT/SH had a negative net margin of 77.68% and a positive return on equity of 12.34%. ANNALY CAP MGMT/SH’s quarterly revenue was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. Equities research analysts expect that ANNALY CAP MGMT/SH will post 1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.95%. The ex-dividend date is Thursday, June 27th. ANNALY CAP MGMT/SH’s payout ratio is 100.00%.

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.

Featured Story: What is the Gross Domestic Product (GDP)?

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

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.