Meeder Advisory Services Inc. Acquires Shares of 13,970 Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Meeder Advisory Services Inc. has acquired a new stake in Annaly Capital Management Inc, purchasing 13,970 shares valued at approximately $284,000 in the first quarter.
• Annaly reported a quarterly earnings of $0.73 per share, surpassing the estimated $0.72, with a revenue of $273.20 million during the last quarter.
• The firm announced a quarterly dividend of $0.70, representing an annualized dividend of $2.80, leading to a dividend yield of 13.7%.

Meeder Advisory Services Inc. acquired a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,970 shares of the real estate investment trust's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Inlight Wealth Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management during the first quarter valued at $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Annaly Capital Management during the first quarter valued at $36,000. MCF Advisors LLC boosted its stake in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Annaly Capital Management during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. 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 report on Friday, July 25th. Royal Bank Of Canada reduced their target price on 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. UBS Group reiterated a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Finally, Jones Trading restated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded up $0.39 during trading hours on Monday, hitting $20.90. The stock had a trading volume of 7,032,743 shares, compared to its average volume of 6,820,379. The company has a 50-day moving average of $19.52 and a two-hundred day moving average of $19.86. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.42 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 4.90 and a beta of 1.20. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11.

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

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is currently 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.