Annaly Capital Management Inc $NLY Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Annaly Capital Management by 14.6% during the first quarter, acquiring an additional 31,536 shares, bringing its total holdings to 247,941 shares valued at approximately $5.03 million.
• Annaly Capital Management declared a $0.70 quarterly dividend, representing an annualized dividend of $2.80 and a yield of 12.7%, with a payout ratio of 277.23%.
• The company exceeded analysts' expectations for its last earnings report, posting $0.73 earnings per share (EPS) compared to the consensus estimate of $0.72 and reported revenue of $273.20 million against expected revenue of $237 million.

Acadian Asset Management LLC boosted its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 247,941 shares of the real estate investment trust's stock after purchasing an additional 31,536 shares during the period. Acadian Asset Management LLC's holdings in Annaly Capital Management were worth $5,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NLY. Inlight Wealth Management LLC purchased a new position in Annaly Capital Management in the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management during the first quarter worth about $28,000. Twin Tree Management LP purchased a new stake in Annaly Capital Management in the first quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC purchased a new stake in Annaly Capital Management in the first quarter valued at approximately $36,000. Finally, MCF Advisors LLC increased its holdings in Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,598 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.06 during trading on Monday, reaching $22.06. The stock had a trading volume of 6,334,626 shares, compared to its average volume of 6,715,625. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The stock has a market cap of $14.16 billion, a PE ratio of 21.84, a PEG ratio of 5.21 and a beta of 1.24. The business has a fifty day moving average price of $20.78 and a 200-day moving average price of $19.98.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

Analysts Set New Price Targets

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

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.