Annaly Capital Management Inc $NLY Shares Purchased by Meritage Portfolio Management

Key Points

• Meritage Portfolio Management increased its holdings in Annaly Capital Management Inc by 45.9% during the 2nd quarter, now owning 204,205 shares valued at approximately $3.84 million.
• Several research firms have set varying price targets for Annaly Capital Management, with Barclays at $20.00 and Keefe, Bruyette & Woods boosting theirs to $21.50.
• Annaly Capital Management recently announced a quarterly dividend of $0.70 per share, resulting in an annualized yield of 13.6%, reflecting a high dividend payout ratio of 277.23%.

Meritage Portfolio Management increased its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 45.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,205 shares of the real estate investment trust's stock after purchasing an additional 64,216 shares during the quarter. Meritage Portfolio Management's holdings in Annaly Capital Management were worth $3,843,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new position in shares of Annaly Capital Management in the first quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management in the first quarter worth $28,000. Twin Tree Management LP acquired a new position in shares of Annaly Capital Management in the first quarter worth $29,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Annaly Capital Management in the first quarter worth $36,000. Finally, MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,598 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NLY. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a "cautious" rating in a report on Monday, October 6th. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Hold" and a consensus price target of $21.13.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $20.53 on Friday. The firm has a market capitalization of $13.18 billion, a P/E ratio of 20.32, a PEG ratio of 4.87 and a beta of 1.25. The stock has a fifty day moving average price of $21.09 and a 200 day moving average price of $19.91. Annaly Capital Management Inc has a 52 week low of $16.59 and a 52 week high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 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 during the quarter, compared to analyst estimates of $237.00 million. Equities research analysts anticipate that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio 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.

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