Park Avenue Securities LLC Purchases 39,713 Shares of Annaly Capital Management Inc $NLY

Key Points

• Park Avenue Securities LLC increased its stake in Annaly Capital Management by 118.1%, acquiring 39,713 shares, bringing its total holdings to 73,328 shares valued at approximately $1.38 million.
• Annaly Capital Management reported earnings of $0.73 per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.70, which equates to an annual yield of 13.4%.
• The stock currently has a consensus rating of "Moderate Buy" and a target price averaging around $20.81 from various analysts.

Park Avenue Securities LLC raised its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 118.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,328 shares of the real estate investment trust's stock after acquiring an additional 39,713 shares during the period. Park Avenue Securities LLC's holdings in Annaly Capital Management were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Annaly Capital Management by 9.0% in the fourth quarter. Tidal Investments LLC now owns 14,394 shares of the real estate investment trust's stock worth $263,000 after buying an additional 1,190 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $3,524,000. Toronto Dominion Bank raised its holdings in shares of Annaly Capital Management by 12.8% in the fourth quarter. Toronto Dominion Bank now owns 72,338 shares of the real estate investment trust's stock worth $1,324,000 after buying an additional 8,212 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Annaly Capital Management by 56.4% in the fourth quarter. Mackenzie Financial Corp now owns 127,358 shares of the real estate investment trust's stock worth $2,331,000 after buying an additional 45,952 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Annaly Capital Management by 26.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 26,245 shares of the real estate investment trust's stock worth $497,000 after buying an additional 5,570 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Up 0.1%

Shares of NYSE:NLY opened at $20.82 on Friday. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The business's fifty day simple moving average is $21.04 and its 200-day simple moving average is $19.98. The company has a market capitalization of $13.37 billion, a PE ratio of 20.61, a P/E/G ratio of 4.93 and a beta of 1.24. The company has a current ratio of 0.11, a quick 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 results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating 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 business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Analyst Ratings Changes

NLY has been the topic of several research reports. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada raised their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. 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. Finally, Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management Inc (NYSE:NLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.