Compass Financial Management LLC Purchases New Stake in Annaly Capital Management Inc $NLY

Key Points

• Compass Financial Management acquired 122,178 shares of Annaly Capital Management in the second quarter, valued at approximately $2.76 million. Institutional investors collectively own 51.56% of NLY.
• Annaly reported quarterly EPS of $0.79, exceeding analyst estimates of $0.75, on revenue of $1.82 billion. Analysts expect full-year EPS of approximately $3.09.
• The company increased its quarterly dividend from $0.70 to $0.75 per share, implying an annualized dividend of $3.00 and a yield of about 12.9%. Analysts maintain a “Moderate Buy” consensus with an average price target of $24.33.

Compass Financial Management LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 122,178 shares of the real estate investment trust's stock, valued at approximately $2,763,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenland Capital Management LP lifted its position in Annaly Capital Management by 30.0% during the 2nd quarter. Greenland Capital Management LP now owns 39,000 shares of the real estate investment trust's stock valued at $872,000 after purchasing an additional 9,000 shares during the period. Evolve Private Wealth LLC acquired a new stake in shares of Annaly Capital Management during the 2nd quarter worth approximately $382,000. Emerald Investment Advisers LLC grew its position in shares of Annaly Capital Management by 89.4% during the 2nd quarter. Emerald Investment Advisers LLC now owns 63,573 shares of the real estate investment trust's stock worth $1,421,000 after buying an additional 30,003 shares during the period. Ieq Capital LLC raised its stake in shares of Annaly Capital Management by 26.4% during the second quarter. Ieq Capital LLC now owns 30,286 shares of the real estate investment trust's stock worth $677,000 after buying an additional 6,324 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its stake in shares of Annaly Capital Management by 9.9% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 16,081 shares of the real estate investment trust's stock worth $360,000 after buying an additional 1,444 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $23.17 on Friday. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 6.05 and a beta of 1.16. The firm's 50 day simple moving average is $22.79 and its 200 day simple moving average is $22.38. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $639.80 million. Equities research analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.75 per share. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Annaly Capital Management's payout ratio is 75.19%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. Wells Fargo & Company dropped their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. BTIG Research set a $24.00 price target on Annaly Capital Management in a research note on Wednesday, June 17th. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Finally, Zacks Research upgraded Annaly Capital Management from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $24.33.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company's core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.

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