Integrity Alliance LLC. Purchases 49,371 Shares of Annaly Capital Management Inc $NLY

Key Points

• Integrity Alliance LLC increased its stake in Annaly Capital Management by 175% during the first quarter, now holding 77,590 shares valued at $1.576 million.
• Annaly Capital Management declared a quarterly dividend of $0.70 per share, resulting in an annualized yield of 12.7%.
• The stock's average target price is $20.83, with a consensus rating of "Moderate Buy" from analysts, reflecting mixed sentiments following several recent upgrades and downgrades.

Integrity Alliance LLC. grew its holdings in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 175.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,590 shares of the real estate investment trust's stock after purchasing an additional 49,371 shares during the quarter. Integrity Alliance LLC.'s holdings in Annaly Capital Management were worth $1,576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 3.0% in the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust's stock worth $1,144,602,000 after purchasing an additional 1,634,883 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Annaly Capital Management by 18.3% in the fourth 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 valued at $86,217,000 after purchasing an additional 730,207 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Annaly Capital Management by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock valued at $83,382,000 after purchasing an additional 64,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Annaly Capital Management by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock worth $77,356,000 after purchasing an additional 196,489 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after buying an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Ratings Changes

NLY has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada lowered their target price on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Jones Trading reiterated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, July 24th. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.83.

Annaly Capital Management Price Performance

NYSE NLY traded down $0.14 during trading on Friday, hitting $22.01. 6,182,277 shares of the company's stock were exchanged, compared to its average volume of 6,703,835. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $14.13 billion, a PE ratio of 21.79, a P/E/G ratio of 5.25 and a beta of 1.24. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The stock's 50 day moving average price is $20.72 and its two-hundred day moving average price is $19.99.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced 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 firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given 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 payout ratio is presently 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.