PARK CIRCLE Co Buys New Position in Annaly Capital Management Inc $NLY

Key Points

• PARK CIRCLE Co has acquired a new stake in Annaly Capital Management Inc by purchasing 20,000 shares valued at approximately $376,000 during the second quarter.
• Analysts have mixed ratings for Annaly Capital Management, with UBS raising the price target from $20.00 to $21.00, while Zacks Research downgraded the stock from a "strong-buy" to a "hold."
• Annaly recently announced a quarterly dividend of $0.70 per share, equating to an annualized dividend of $2.80 and a dividend yield of 13.4%.

PARK CIRCLE Co bought a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the real estate investment trust's stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NLY. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. acquired a new position in Annaly Capital Management in the 1st quarter valued at $28,000. Twin Tree Management LP purchased a new stake in shares of Annaly Capital Management in the first quarter valued at $29,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Annaly Capital Management in the first quarter valued at $36,000. Finally, MCF Advisors LLC increased its stake in Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,598 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NLY shares. UBS Group raised their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Royal Bank Of Canada upped their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.13.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.95 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 4.88 and a beta of 1.25. The business has a 50-day moving average of $21.08 and a 200-day moving average of $19.93.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly 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 analyst estimates of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, equities analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management's dividend payout ratio is 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.

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.