Smith Asset Management Co. LLC Buys New Shares in Annaly Capital Management Inc $NLY

Key Points

• Smith Asset Management Co. LLC invested approximately $2.21 million in Annaly Capital Management, acquiring 108,552 shares, making it the firm's 19th largest position.
• Institutional investors collectively own 51.56% of Annaly Capital Management's stock, with significant investments from firms like Goldman Sachs and Vanguard Group.
• Annaly Capital Management reported earnings of $0.73 per share for the last quarter, surpassing expectations and generating revenue of $273.20 million.

Smith Asset Management Co. LLC acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 108,552 shares of the real estate investment trust's stock, valued at approximately $2,205,000. Annaly Capital Management makes up about 2.1% of Smith Asset Management Co. LLC's investment portfolio, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Deutsche Bank AG grew its position in Annaly Capital Management by 9.3% during the fourth quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust's stock valued at $20,060,000 after purchasing an additional 93,708 shares in the last quarter. Ethic Inc. grew its position in Annaly Capital Management by 2.9% during the fourth quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust's stock valued at $989,000 after purchasing an additional 1,544 shares in the last quarter. Ensign Peak Advisors Inc grew its position in Annaly Capital Management by 6.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust's stock worth $3,398,000 after acquiring an additional 11,250 shares in the last quarter. Focus Partners Wealth grew its position in Annaly Capital Management by 68.4% in the fourth quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust's stock worth $333,000 after acquiring an additional 7,371 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its position in Annaly Capital Management by 556.9% in the fourth quarter. Investment Management Corp of Ontario now owns 109,310 shares of the real estate investment trust's stock worth $2,000,000 after acquiring an additional 92,670 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NLY. Jones Trading reissued a "buy" rating and issued a $21.00 target price 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 research report on Tuesday, August 19th. UBS Group boosted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Keefe, Bruyette & Woods boosted their target price 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. Finally, Royal Bank Of Canada decreased their target price on shares of 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. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average price target of $20.83.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded down $0.14 during trading hours on Friday, hitting $22.01. 6,182,277 shares of the stock were exchanged, compared to its average volume of 6,703,835. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The company's 50 day moving average is $20.72 and its 200 day moving average is $19.99. The firm has a market capitalization of $14.13 billion, a P/E ratio of 21.79, a P/E/G ratio of 5.25 and a beta of 1.24. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is currently 277.23%.

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.