Old Port Advisors Sells 21,380 Shares of Annaly Capital Management Inc $NLY

Key Points

• Old Port Advisors reduced its stake in Annaly Capital Management by 29.9%, selling 21,380 shares in the second quarter, bringing their holdings to a total of 50,148 shares valued at $944,000.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, representing an annualized yield of 13.3%, with a payout ratio currently at 277.23%.
• The stock has a market cap of $13.50 billion and reported earnings of $0.73 per share for the last quarter, beating estimates by $0.01.

Old Port Advisors decreased its stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) by 29.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,148 shares of the real estate investment trust's stock after selling 21,380 shares during the period. Old Port Advisors' holdings in Annaly Capital Management were worth $944,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in Annaly Capital Management during the second quarter worth approximately $65,000. Perigon Wealth Management LLC increased its stake in Annaly Capital Management by 2.8% in the second quarter. Perigon Wealth Management LLC now owns 47,317 shares of the real estate investment trust's stock valued at $890,000 after acquiring an additional 1,299 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Annaly Capital Management by 7.6% in the second quarter. Public Employees Retirement System of Ohio now owns 185,640 shares of the real estate investment trust's stock valued at $3,494,000 after acquiring an additional 13,053 shares during the last quarter. Norden Group LLC increased its stake in Annaly Capital Management by 10.5% in the second quarter. Norden Group LLC now owns 25,979 shares of the real estate investment trust's stock valued at $489,000 after acquiring an additional 2,466 shares during the last quarter. Finally, LVZ Inc. grew its stake in shares of Annaly Capital Management by 12.2% during the second quarter. LVZ Inc. now owns 22,552 shares of the real estate investment trust's stock worth $424,000 after buying an additional 2,450 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NLY stock opened at $21.03 on Friday. The company's fifty day simple moving average is $21.06 and its 200 day simple moving average is $19.98. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 4.93 and a beta of 1.24. 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 (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 for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm 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, analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is currently 277.23%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research cut shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. UBS Group lifted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.81.

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.

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