Alliancebernstein L.P. Increases Stock Position in Annaly Capital Management Inc $NLY

Key Points

• Alliancebernstein L.P. increased its holdings in Annaly Capital Management by 6.4% in Q1, now owning approximately $19.50 million worth of the company's stock.
• Equities research analysts have set an average price target of $20.83 for Annaly Capital Management, with ratings ranging from "Buy" to "Hold" from several firms.
• Annaly Capital Management declared a quarterly dividend of $0.70 per share, equating to a 12.7% dividend yield for shareholders.

Alliancebernstein L.P. lifted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 960,232 shares of the real estate investment trust's stock after acquiring an additional 57,344 shares during the quarter. Alliancebernstein L.P. owned 0.16% of Annaly Capital Management worth $19,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in Annaly Capital Management during the 1st quarter worth about $466,000. Bessemer Group Inc. raised its holdings in Annaly Capital Management by 11.7% in the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock valued at $157,000 after acquiring an additional 811 shares in the last quarter. Magnus Financial Group LLC purchased a new position in Annaly Capital Management in the first quarter worth approximately $441,000. Ibex Wealth Advisors grew its holdings in Annaly Capital Management by 5.4% during the 1st quarter. Ibex Wealth Advisors now owns 296,437 shares of the real estate investment trust's stock worth $6,021,000 after acquiring an additional 15,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Annaly Capital Management by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after purchasing an additional 196,489 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NLY shares. Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. UBS Group increased their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Royal Bank Of Canada boosted their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.06.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.24 on Tuesday, reaching $21.83. The company's stock had a trading volume of 8,024,314 shares, compared to its average volume of 6,697,805. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The stock has a market capitalization of $14.02 billion, a P/E ratio of 21.61, a PEG ratio of 5.23 and a beta of 1.24. The stock's 50-day moving average is $20.82 and its two-hundred day moving average is $19.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Annaly Capital Management Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.