BerganKDV Wealth Management LLC grew its position in ANNALY CAP MGMT/SH (NYSE:NLY) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,658 shares of the real estate investment trust’s stock after purchasing an additional 7,218 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in ANNALY CAP MGMT/SH were worth $1,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Huber Financial Advisors LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the third quarter worth $105,000. O Dell Group LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the second quarter worth $107,000. Telemus Capital LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the third quarter worth $109,000. Concorde Asset Management LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the third quarter worth $119,000. Finally, Mariner Investment Group LLC acquired a new stake in shares of ANNALY CAP MGMT/SH during the third quarter worth $122,000. 50.30% of the stock is currently owned by institutional investors and hedge funds.

NLY has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of ANNALY CAP MGMT/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded shares of ANNALY CAP MGMT/SH from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, August 21st. TheStreet downgraded shares of ANNALY CAP MGMT/SH from a “b” rating to a “c+” rating in a research note on Thursday, October 11th. Finally, Barclays set a $11.00 price objective on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.63.

NYSE:NLY opened at $9.99 on Monday. ANNALY CAP MGMT/SH has a 12 month low of $9.70 and a 12 month high of $12.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $13.12 billion, a PE ratio of 8.19 and a beta of 0.13.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. The business had revenue of $315.62 million during the quarter, compared to the consensus estimate of $398.00 million. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts predict that ANNALY CAP MGMT/SH will post 1.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.31 dividend on an annualized basis and a yield of 3.12%. ANNALY CAP MGMT/SH’s dividend payout ratio is presently 98.36%.

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

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