Annaly Capital Management Inc $NLY Shares Acquired by Allstate Corp

Key Points

• Allstate Corp increased its stake in Annaly Capital Management Inc by 108.9% during the first quarter, acquiring an additional 17,217 shares for a total of 33,020 shares worth $671,000.
• Several large investors, including Stifel Financial Corp and Hsbc Holdings PLC, also raised their positions in Annaly Capital Management during the fourth quarter, reflecting strong institutional interest.
• Annaly Capital Management announced a quarterly dividend of $0.70, representing an annualized yield of 13.3%, despite a high dividend payout ratio of 277.23%.

Allstate Corp increased its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 108.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,020 shares of the real estate investment trust's stock after buying an additional 17,217 shares during the period. Allstate Corp's holdings in Annaly Capital Management were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Compound Planning Inc. boosted its holdings in Annaly Capital Management by 26.2% during the first quarter. Compound Planning Inc. now owns 15,801 shares of the real estate investment trust's stock worth $321,000 after buying an additional 3,276 shares in the last quarter. Guidance Point Advisors LLC boosted its holdings in Annaly Capital Management by 3.1% during the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock worth $346,000 after buying an additional 519 shares in the last quarter. Korea Investment CORP boosted its holdings in Annaly Capital Management by 8.0% during the first quarter. Korea Investment CORP now owns 312,082 shares of the real estate investment trust's stock worth $6,338,000 after buying an additional 23,100 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Annaly Capital Management by 18.6% during the first quarter. Raymond James Financial Inc. now owns 821,476 shares of the real estate investment trust's stock worth $16,684,000 after buying an additional 128,813 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in Annaly Capital Management by 1.5% during the first quarter. Ethic Inc. now owns 54,848 shares of the real estate investment trust's stock worth $1,102,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NLY traded up $0.19 during midday trading on Friday, reaching $21.18. 4,997,484 shares of the company's stock were exchanged, compared to its average volume of 5,992,373. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $13.60 billion, a PE ratio of 20.97, a P/E/G ratio of 5.02 and a beta of 1.24. The business's 50-day moving average price is $20.21 and its 200 day moving average price is $19.96. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.11.

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

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management's payout ratio is currently 277.23%.

Wall Street Analyst Weigh In

NLY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada cut their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, UBS Group restated a "neutral" rating and set a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.72.

About Annaly Capital Management

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.