Great Lakes Advisors LLC Purchases New Stake in Annaly Capital Management Inc $NLY

Key Points

• Great Lakes Advisors LLC invested approximately $16.50 million in Annaly Capital Management, acquiring 812,391 shares during the first quarter.
• Annaly Capital Management reported earnings of $0.73 per share for the last quarter, beating analysts' estimates by $0.01.
• Analyst ratings for Annaly Capital Management include seven "Buy" ratings and four "Hold" ratings, with a consensus target price of $20.83.

Great Lakes Advisors LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. 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 quarter.

Several other institutional investors also recently modified their holdings of NLY. Deutsche Bank AG grew its position in shares of Annaly Capital Management by 9.3% during the 4th quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust's stock worth $20,060,000 after buying an additional 93,708 shares during the period. Ethic Inc. grew its position in shares of Annaly Capital Management by 2.9% during the 4th quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust's stock worth $989,000 after buying an additional 1,544 shares during the period. Ensign Peak Advisors Inc grew its position in shares of Annaly Capital Management by 6.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust's stock worth $3,398,000 after buying an additional 11,250 shares during the period. Focus Partners Wealth grew its position in shares of Annaly Capital Management by 68.4% during the 4th quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust's stock worth $333,000 after buying an additional 7,371 shares during the period. Finally, Investment Management Corp of Ontario grew its position in shares of Annaly Capital Management by 556.9% during the 4th quarter. Investment Management Corp of Ontario now owns 109,310 shares of the real estate investment trust's stock worth $2,000,000 after buying an additional 92,670 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NLY. UBS Group lifted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. Jones Trading reiterated 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 cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, Zacks Research cut Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.83.

Annaly Capital Management Stock Down 0.6%

NYSE NLY traded down $0.14 during trading on Friday, hitting $22.01. The stock had a trading volume of 6,182,277 shares, compared to its average volume of 7,693,532. The company has a market capitalization of $14.13 billion, a PE ratio of 21.79, a P/E/G ratio of 5.24 and a beta of 1.24. The company's 50-day moving average price is $20.67 and its two-hundred day moving average price is $20.00. 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 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 announced its quarterly earnings data 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. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. As a group, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.7%. Annaly Capital Management's dividend payout ratio is currently 277.23%.

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.