Quantitative Investment Management LLC Invests $726,000 in Annaly Capital Management Inc $NLY

Key Points

• Quantitative Investment Management LLC acquired a stake of 35,792 shares in Annaly Capital Management, valued at approximately $726,000, during the first quarter.
• Several institutional investors have recently adjusted their stakes in Annaly, with 51.56% of the shares now owned by hedge funds and other institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for Annaly Capital Management, with an average price target of $20.72.

Quantitative Investment Management LLC acquired a new position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,792 shares of the real estate investment trust's stock, valued at approximately $726,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of Annaly Capital Management during the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Annaly Capital Management during the 1st quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Annaly Capital Management during the 1st quarter valued at approximately $36,000. MCF Advisors LLC boosted its position in shares of Annaly Capital Management by 1,087.1% during the 1st 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 bought a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $39,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 0.9%

Shares of NYSE NLY traded up $0.19 during midday trading on Friday, hitting $21.18. The company's stock had a trading volume of 4,997,484 shares, compared to its average volume of 5,992,373. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $20.21 and its two-hundred day moving average is $19.96. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.11. The firm has a market cap of $13.60 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 5.02 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $237.00 million. As a group, equities research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. The ex-dividend date was Monday, June 30th. Annaly Capital Management's dividend payout ratio is presently 277.23%.

Analyst Upgrades and Downgrades

NLY has been the subject of several recent research reports. Royal Bank Of Canada dropped their price target 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. Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods lifted their price target 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. UBS Group reiterated a "neutral" rating and issued a $20.00 price target (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Finally, Jones Trading reiterated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.72.

Annaly Capital Management Company 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.