Great Lakes Advisors LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 812,391 shares of the real estate investment trust's stock, valued at approximately $16,500,000. Great Lakes Advisors LLC owned 0.14% of Annaly Capital Management at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of NLY. Inlight Wealth Management LLC acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new position in Annaly Capital Management in the 1st quarter valued at $28,000. Twin Tree Management LP purchased a new position in Annaly Capital Management in the 1st quarter valued at $29,000. Smallwood Wealth Investment Management LLC purchased a new position in Annaly Capital Management in the 1st quarter valued at $36,000. Finally, MCF Advisors LLC grew its position in Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,598 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. 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 lowered 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 research report on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. UBS Group lifted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus price target of $20.83.
View Our Latest Stock Report on NLY
Annaly Capital Management Price Performance
Shares of NYSE NLY traded down $0.14 during trading on Friday, hitting $22.01. 6,182,277 shares of the company were exchanged, compared to its average volume of 6,715,625. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.21 and a beta of 1.24. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The firm's fifty day moving average price is $20.72 and its 200 day moving average price is $19.97. 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 (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company 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 fiscal year.
Annaly Capital Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is presently 277.23%.
Annaly Capital Management Profile
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Free Report)
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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