ANNALY CAP MGMT/SH (NYSE:NLY) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its holdings in shares of ANNALY CAP MGMT/SH (NYSE:NLY) by 9.8% in the second quarter, HoldingsChannel reports. The firm owned 30,174 shares of the real estate investment trust’s stock after selling 3,270 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in ANNALY CAP MGMT/SH were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Trustcore Financial Services LLC increased its holdings in ANNALY CAP MGMT/SH by 741.2% in the first quarter. Trustcore Financial Services LLC now owns 5,451 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 4,803 shares in the last quarter. Marshall Wace LLP purchased a new position in ANNALY CAP MGMT/SH in the first quarter valued at $30,000. CWM Advisors LLC purchased a new position in ANNALY CAP MGMT/SH in the first quarter valued at $34,000. Berman Capital Advisors LLC increased its holdings in ANNALY CAP MGMT/SH by 235.8% in the second quarter. Berman Capital Advisors LLC now owns 6,094 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 4,279 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in ANNALY CAP MGMT/SH in the first quarter valued at $40,000. Institutional investors own 47.55% of the company’s stock.

A number of research analysts have weighed in on NLY shares. Piper Sandler started coverage on shares of ANNALY CAP MGMT/SH in a report on Tuesday, July 7th. They issued an “overweight” rating and a $8.25 price objective for the company. TheStreet raised shares of ANNALY CAP MGMT/SH from a “d+” rating to a “c” rating in a report on Tuesday, August 18th. Zacks Investment Research cut shares of ANNALY CAP MGMT/SH from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Friday, July 31st. Deutsche Bank boosted their target price on shares of ANNALY CAP MGMT/SH from $7.75 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Bank of America boosted their target price on shares of ANNALY CAP MGMT/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $7.78.

NLY stock opened at $7.32 on Friday. ANNALY CAP MGMT/SH has a 52 week low of $3.51 and a 52 week high of $10.50. The stock has a market capitalization of $10.28 billion, a P/E ratio of -4.28 and a beta of 1.09. The firm has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $6.91.

ANNALY CAP MGMT/SH (NYSE:NLY) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. ANNALY CAP MGMT/SH had a negative net margin of 74.09% and a positive return on equity of 12.15%. The company had revenue of $398.78 million during the quarter, compared to analysts’ expectations of $205.00 million. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities research analysts expect that ANNALY CAP MGMT/SH will post 1 earnings per share for the current year.

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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