SeaCrest Wealth Management LLC Acquires 19,940 Shares of Annaly Capital Management Inc $NLY

Key Points

• SeaCrest Wealth Management LLC increased its holdings in Annaly Capital Management by 38.3% in Q2, totaling $1.36 million for 71,981 shares.
• Several hedge funds have made new stakes in Annaly Capital Management, with institutional investors owning 51.56% of the company's stock.
• Analysts generally view Annaly Capital Management positively, with a consensus rating of "Moderate Buy" and a target price around $20.81.

SeaCrest Wealth Management LLC increased its position in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) by 38.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,981 shares of the real estate investment trust's stock after buying an additional 19,940 shares during the period. SeaCrest Wealth Management LLC's holdings in Annaly Capital Management were worth $1,355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co purchased a new position in Annaly Capital Management during the first quarter valued at $466,000. Bessemer Group Inc. increased its position in Annaly Capital Management by 11.7% during the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 811 shares during the last quarter. Magnus Financial Group LLC acquired a new stake in Annaly Capital Management during the first quarter worth about $441,000. Ibex Wealth Advisors increased its position in shares of Annaly Capital Management by 5.4% during the first quarter. Ibex Wealth Advisors now owns 296,437 shares of the real estate investment trust's stock valued at $6,021,000 after acquiring an additional 15,283 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Annaly Capital Management by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,808,767 shares of the real estate investment trust's stock valued at $77,356,000 after purchasing an additional 196,489 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 0.3%

NYSE:NLY traded up $0.06 during mid-day trading on Tuesday, hitting $20.93. The company had a trading volume of 4,392,636 shares, compared to its average volume of 7,760,573. The firm has a market cap of $13.44 billion, a P/E ratio of 20.72, a P/E/G ratio of 5.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The business's fifty day moving average is $20.96 and its two-hundred day moving average is $19.97. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45.

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

Annaly Capital Management Announces Dividend

The firm 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 dividend of $0.70 per share. The ex-dividend date of this dividend 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 payout ratio is 277.23%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective 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. UBS Group raised their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $20.81.

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.