Plan Group Financial LLC Acquires 26,069 Shares of Annaly Capital Management Inc (NYSE:NLY)

Key Points

• Plan Group Financial LLC increased its holdings in Annaly Capital Management by 61.5% during the first quarter, owning a total of 68,457 shares valued at approximately $1,390,000.
• Multiple institutional investors have recently acquired new stakes in Annaly Capital Management, with significant investments from Bayesian Capital Management, Mercer Global Advisors, and APG Asset Management.
• Annaly Capital Management announced a quarterly dividend of $0.70 per share, resulting in an annualized dividend yield of 13.4%, despite having a high dividend payout ratio of 277.23%.

Plan Group Financial LLC increased its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 61.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,457 shares of the real estate investment trust's stock after acquiring an additional 26,069 shares during the period. Plan Group Financial LLC's holdings in Annaly Capital Management were worth $1,390,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of Nova Scotia increased its stake in Annaly Capital Management by 4.8% in the 1st quarter. Bank of Nova Scotia now owns 19,826 shares of the real estate investment trust's stock worth $403,000 after purchasing an additional 901 shares in the last quarter. IFG Advisory LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth about $200,000. US Bancorp DE boosted its position in Annaly Capital Management by 17.6% during the 1st quarter. US Bancorp DE now owns 37,371 shares of the real estate investment trust's stock worth $759,000 after acquiring an additional 5,595 shares during the period. American Assets Investment Management LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth about $4,152,000. Finally, Tandem Financial LLC boosted its position in Annaly Capital Management by 30.5% during the 1st quarter. Tandem Financial LLC now owns 22,514 shares of the real estate investment trust's stock worth $473,000 after acquiring an additional 5,260 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.0%

Shares of Annaly Capital Management stock traded down $0.01 during trading on Thursday, hitting $20.58. 4,988,685 shares of the stock traded hands, compared to its average volume of 6,821,879. The stock has a market cap of $13.21 billion, a P/E ratio of 20.37, a PEG ratio of 4.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.11. The company has a fifty day moving average price of $19.66 and a two-hundred day moving average price of $19.89.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $273.20 million during the quarter, compared to analyst estimates of $237.00 million. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.6%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's payout ratio is 277.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NLY shares. UBS Group restated a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. 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 research report on Friday, July 25th. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. Royal Bank Of Canada decreased their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.72.

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.