Los Angeles Capital Management & Equity Research Inc. lifted its stake in ANNALY Cap Mgmt/SH (NYSE:NLY) by 324.0% during the second quarter, Holdings Channel reports. The firm owned 133,329 shares of the real estate investment trust’s stock after purchasing an additional 101,880 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in ANNALY Cap Mgmt/SH were worth $1,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in shares of ANNALY Cap Mgmt/SH by 1.8% in the first quarter. Global X Management Co. LLC now owns 1,990,710 shares of the real estate investment trust’s stock worth $20,763,000 after buying an additional 35,407 shares during the last quarter. Albert D Mason Inc. acquired a new stake in shares of ANNALY Cap Mgmt/SH in the first quarter worth about $252,000. Rhumbline Advisers lifted its position in shares of ANNALY Cap Mgmt/SH by 4.9% in the first quarter. Rhumbline Advisers now owns 1,567,186 shares of the real estate investment trust’s stock worth $16,346,000 after buying an additional 73,303 shares during the last quarter. D.B. Root & Company LLC lifted its position in shares of ANNALY Cap Mgmt/SH by 23.1% in the first quarter. D.B. Root & Company LLC now owns 75,892 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 14,251 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH in the first quarter worth about $184,000. Hedge funds and other institutional investors own 55.75% of the company’s stock.

Shares of NYSE:NLY opened at $10.59 on Friday. ANNALY Cap Mgmt/SH has a fifty-two week low of $9.94 and a fifty-two week high of $12.58. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 8.68 and a beta of 0.11. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.23.

ANNALY Cap Mgmt/SH (NYSE:NLY) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $334.11 million for the quarter, compared to analyst estimates of $330.95 million. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. During the same period in the previous year, the company posted $0.30 earnings per share. analysts predict that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.33%. ANNALY Cap Mgmt/SH’s payout ratio is presently 98.36%.

A number of analysts have weighed in on the company. Zacks Investment Research cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. boosted their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research report on Monday, July 23rd. ValuEngine cut ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Deutsche Bank reduced their price target on ANNALY Cap Mgmt/SH from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. ANNALY Cap Mgmt/SH presently has a consensus rating of “Hold” and a consensus target price of $11.50.

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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