Brookstone Capital Management Boosts Stake in ANNALY CAP MGMT/SH (NLY)
Brookstone Capital Management lifted its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 44.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,839 shares of the real estate investment trust’s stock after buying an additional 19,945 shares during the period. Brookstone Capital Management’s holdings in ANNALY CAP MGMT/SH were worth $648,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of ANNALY CAP MGMT/SH by 12.6% in the 4th quarter. BlackRock Inc. now owns 120,128,838 shares of the real estate investment trust’s stock worth $1,179,664,000 after buying an additional 13,472,763 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of ANNALY CAP MGMT/SH by 11.9% in the 3rd quarter. Vanguard Group Inc now owns 110,696,881 shares of the real estate investment trust’s stock worth $1,132,428,000 after acquiring an additional 11,751,750 shares during the last quarter. FMR LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 3.6% in the 4th quarter. FMR LLC now owns 34,529,873 shares of the real estate investment trust’s stock worth $339,083,000 after acquiring an additional 1,191,260 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ANNALY CAP MGMT/SH by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 18,578,022 shares of the real estate investment trust’s stock worth $182,534,000 after acquiring an additional 2,661,206 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of ANNALY CAP MGMT/SH in the 4th quarter worth $133,161,000. 53.80% of the stock is currently owned by institutional investors.
Shares of NLY stock opened at $9.99 on Friday. ANNALY CAP MGMT/SH has a 1-year low of $9.57 and a 1-year high of $10.78. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.27. The firm has a market cap of $13.99 billion, a PE ratio of 8.33 and a beta of 0.24.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.01%. ANNALY CAP MGMT/SH’s dividend payout ratio is 100.00%.
A number of equities analysts recently issued reports on NLY shares. Barclays set a $11.00 target price on ANNALY CAP MGMT/SH and gave the stock a “buy” rating in a report on Friday, February 15th. Nomura started coverage on ANNALY CAP MGMT/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $11.00 target price on the stock. TheStreet cut ANNALY CAP MGMT/SH from a “b-” rating to a “c” rating in a report on Friday, February 15th. Zacks Investment Research cut ANNALY CAP MGMT/SH from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upgraded ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $10.00 to $10.50 in a report on Sunday, January 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.83.
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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.
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