Kingstone Capital Partners Texas LLC Makes New Investment in Annaly Capital Management Inc $NLY

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $100.22 million in Annaly Capital Management, acquiring 5,094,774 shares, which represents 0.85% ownership of the company.
• Analysts have generally rated Annaly Capital Management with an average rating of "Moderate Buy", with price targets ranging from $21.00 to $23.00.
• Annaly Capital Management also announced a quarterly $0.70 dividend per share, reflecting an annualized dividend yield of 13.1% and a high payout ratio of 277.23%.

Kingstone Capital Partners Texas LLC acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,094,774 shares of the real estate investment trust's stock, valued at approximately $100,216,000. Kingstone Capital Partners Texas LLC owned 0.85% of Annaly Capital Management as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Annaly Capital Management by 3.0% during the 1st 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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. Bank of New York Mellon Corp increased its holdings in Annaly Capital Management by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust's stock worth $83,382,000 after purchasing an additional 64,513 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Annaly Capital Management by 5.4% during the 1st 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. increased its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust's stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.31 on Friday, hitting $21.39. The company had a trading volume of 21,155,817 shares, compared to its average volume of 6,988,778. The firm has a market cap of $13.73 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 5.06 and a beta of 1.24. The company has a 50-day moving average price of $20.94 and a 200-day moving average price of $19.99. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.1%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's payout ratio is 277.23%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NLY. UBS Group raised their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Royal Bank Of Canada lifted their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price target on 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $20.81.

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.