Columbus Macro LLC Buys 40,164 Shares of Annaly Capital Management Inc $NLY

Key Points

• Columbus Macro LLC increased its stake in Annaly Capital Management by 11.9%, acquiring an additional 40,164 shares during the second quarter, bringing its total ownership to 377,476 shares.
• Annaly Capital Management announced a quarterly dividend of $0.70, with an annualized yield of 13.4%, indicating a high payout ratio of 277.23%.
• The company's recent earnings report showed an EPS of $0.73, exceeding analysts' expectations and highlighting a revenue of $273.20 million for the quarter.

Columbus Macro LLC raised its stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 377,476 shares of the real estate investment trust's stock after purchasing an additional 40,164 shares during the quarter. Columbus Macro LLC owned 0.06% of Annaly Capital Management worth $7,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co bought a new position in shares of Annaly Capital Management during the 1st quarter worth about $466,000. Bessemer Group Inc. increased its stake 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 during the period. Charles Schwab Investment Management Inc. increased its stake in Annaly Capital Management by 5.4% in the first 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 acquiring an additional 196,489 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Annaly Capital Management by 271.3% in the first quarter. Kingswood Wealth Advisors LLC now owns 48,550 shares of the real estate investment trust's stock valued at $976,000 after acquiring an additional 35,476 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Annaly Capital Management by 8.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust's stock valued at $7,464,000 after acquiring an additional 28,570 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $20.95 on Thursday. The firm has a 50-day moving average of $21.08 and a 200-day moving average of $19.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $13.45 billion, a PE ratio of 20.74, a P/E/G ratio of 4.88 and a beta of 1.25. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45.

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

Annaly Capital Management Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a yield of 13.4%. Annaly Capital Management's payout ratio is 277.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NLY. Barclays set a $20.00 target price on shares of Annaly Capital Management and gave the company a "cautious" rating in a research note on Monday. UBS Group upped 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 note on Wednesday, September 3rd. 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. Jones Trading reissued a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Annaly Capital Management in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Hold" and a consensus target price of $21.13.

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.

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