Annaly Capital Management Inc $NLY Stake Raised by Jackson Hole Capital Partners LLC

Key Points

• Jackson Hole Capital Partners LLC increased its stake in Annaly Capital Management Inc by 27.9% during the second quarter, owning 132,796 shares worth approximately $2.5 million.
• The company reported a quarterly EPS of $0.73, exceeding analysts' estimates, and had a revenue of $885.58 million for the quarter.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, providing an annualized yield of 13.4%, with the ex-dividend date set for September 30th.

Jackson Hole Capital Partners LLC raised its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 27.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,796 shares of the real estate investment trust's stock after purchasing an additional 28,961 shares during the period. Jackson Hole Capital Partners LLC's holdings in Annaly Capital Management were worth $2,499,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Annaly Capital Management by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock valued at $1,144,602,000 after acquiring an additional 1,634,883 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Annaly Capital Management in the 2nd quarter valued at approximately $100,216,000. Bank of New York Mellon Corp grew its holdings in Annaly Capital Management by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock valued at $83,382,000 after buying an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 196,489 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Annaly Capital Management by 833.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock valued at $59,318,000 after buying an additional 2,607,784 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $20.93 on Friday. The stock has a 50 day moving average of $21.13 and a two-hundred day moving average of $19.97. 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 Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The company has a market capitalization of $13.44 billion, a P/E ratio of 9.69, a P/E/G ratio of 5.04 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 16.53% and a net margin of 26.68%.The company had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. As a group, equities analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jones Trading reaffirmed a "buy" rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Thursday. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Royal Bank Of Canada raised their target price on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group raised their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of "Hold" and a consensus target price of $21.63.

Annaly Capital Management Company 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.

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.