ANNALY CAP MGMT/SH (NLY) Shares Sold by West Chester Capital Advisors Inc.

West Chester Capital Advisors Inc. decreased its stake in ANNALY CAP MGMT/SH (NYSE:NLY) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,250 shares of the real estate investment trust’s stock after selling 9,066 shares during the quarter. ANNALY CAP MGMT/SH makes up about 1.2% of West Chester Capital Advisors Inc.’s holdings, making the stock its 29th biggest position. West Chester Capital Advisors Inc.’s holdings in ANNALY CAP MGMT/SH were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Csenge Advisory Group bought a new position in ANNALY CAP MGMT/SH in the 3rd quarter worth $29,000. CWM LLC grew its position in ANNALY CAP MGMT/SH by 55.9% in the 4th quarter. CWM LLC now owns 3,089 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,108 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in ANNALY CAP MGMT/SH in the 4th quarter worth $35,000. Parallel Advisors LLC grew its position in ANNALY CAP MGMT/SH by 193.0% in the 4th quarter. Parallel Advisors LLC now owns 3,575 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Westside Investment Management Inc. acquired a new stake in ANNALY CAP MGMT/SH in the 4th quarter worth $49,000. Institutional investors own 52.16% of the company’s stock.

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Several analysts have issued reports on NLY shares. Zacks Investment Research lowered shares of ANNALY CAP MGMT/SH from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. TheStreet upgraded shares of ANNALY CAP MGMT/SH from a “c+” rating to a “b-” rating in a research report on Thursday, November 29th. JPMorgan Chase & Co. upgraded shares of ANNALY CAP MGMT/SH from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $10.50 in a research report on Wednesday, January 16th. Barclays set a $10.00 price target on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research report on Saturday, November 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of ANNALY CAP MGMT/SH from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $10.00 to $10.50 in a research report on Sunday, January 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.80.

Shares of ANNALY CAP MGMT/SH stock traded up $0.01 during trading on Tuesday, hitting $10.20. 140,042 shares of the company’s stock traded hands, compared to its average volume of 18,393,754. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.10 and a current ratio of 0.10. ANNALY CAP MGMT/SH has a twelve month low of $9.57 and a twelve month high of $10.78. The firm has a market cap of $14.27 billion, a P/E ratio of 8.50 and a beta of 0.27.

ANNALY CAP MGMT/SH (NYSE:NLY) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. ANNALY CAP MGMT/SH had a net margin of 1.98% and a return on equity of 12.36%. The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $383.65 million. During the same period in the previous year, the business earned $0.31 EPS. On average, equities analysts forecast that ANNALY CAP MGMT/SH will post 1.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Investors of record on Monday, December 31st were issued a dividend of $0.30 per share. This is an increase from ANNALY CAP MGMT/SH’s previous quarterly dividend of $0.08. This represents a $1.20 annualized dividend and a yield of 11.76%. The ex-dividend date was Friday, December 28th. ANNALY CAP MGMT/SH’s dividend payout ratio (DPR) is currently 100.00%.

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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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