11,500 Shares in Annaly Capital Management Inc $NLY Acquired by Gilman Hill Asset Management LLC

Key Points

• Gilman Hill Asset Management LLC has invested $216,000 in Annaly Capital Management Inc by purchasing 11,500 shares of the real estate investment trust.
• Annaly Capital Management has received multiple upgrades from analysts, including a target price increase from Royal Bank of Canada from $21.00 to $23.00.
• The company recently announced a quarterly dividend of $0.70, which contributes to a 12.8% annualized dividend yield.

Gilman Hill Asset Management LLC bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,500 shares of the real estate investment trust's stock, valued at approximately $216,000.

Several other hedge funds have also bought and sold shares of NLY. Jupiter Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after purchasing an additional 492 shares during the last quarter. Guidance Point Advisors LLC raised its holdings in shares of Annaly Capital Management by 3.1% during the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 519 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Annaly Capital Management by 3.2% during the first quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 725 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Annaly Capital Management by 3.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust's stock valued at $436,000 after purchasing an additional 779 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in shares of Annaly Capital Management by 3.0% during the first quarter. Samalin Investment Counsel LLC now owns 27,518 shares of the real estate investment trust's stock valued at $559,000 after purchasing an additional 796 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NLY. Jones Trading reissued a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. UBS Group boosted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.81.

Annaly Capital Management Trading Down 1.4%

Shares of Annaly Capital Management stock traded down $0.31 during trading on Friday, hitting $21.39. The stock had a trading volume of 21,155,817 shares, compared to its average volume of 6,988,778. The firm's fifty day simple moving average is $20.94 and its 200-day simple moving average is $19.99. The stock has a market cap of $13.73 billion, a PE ratio of 21.18, a PEG ratio of 5.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million during 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%. As a group, sell-side analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced 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. This represents a $2.80 annualized dividend and a dividend yield of 13.1%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is 277.23%.

About Annaly Capital Management

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.