14,699 Shares in Annaly Capital Management Inc $NLY Acquired by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC purchased a new stake in Annaly Capital Management, acquiring 14,699 shares valued at approximately $299,000 during the 1st quarter.
• Vanguard Group raised its holdings in Annaly Capital Management by 3.0%, now owning over 56 million shares valued at over $1.14 billion, indicating increased institutional investment interest.
• Analyst ratings for Annaly show a range with seven analysts rating it as a Buy and four as Hold, with an average target price of $20.83.

EP Wealth Advisors LLC acquired a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,699 shares of the real estate investment trust's stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NLY. Nuveen LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at about $37,580,000. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 3.0% during the first 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 purchasing an additional 1,634,883 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Annaly Capital Management by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust's stock worth $86,217,000 after purchasing an additional 730,207 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Annaly Capital Management by 135.6% in the 4th quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust's stock worth $23,157,000 after purchasing an additional 728,307 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Annaly Capital Management by 112.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,028,089 shares of the real estate investment trust's stock worth $20,880,000 after purchasing an additional 544,046 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada dropped their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Jones Trading restated a "buy" rating and issued a $21.00 target price 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.83.

Annaly Capital Management Price Performance

Shares of NLY stock traded down $0.14 during midday trading on Friday, reaching $22.01. 6,182,277 shares of the company were exchanged, compared to its average volume of 6,703,835. The company's 50 day moving average price is $20.72 and its two-hundred day moving average price is $19.99. The company has a market cap of $14.13 billion, a P/E ratio of 21.79, a PEG ratio of 5.25 and a beta of 1.24. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. 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 (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to analyst estimates 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 expect that Annaly Capital Management Inc will post 2.81 earnings per share 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. Stockholders of record on Tuesday, September 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. 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.