Strs Ohio Invests $2.29 Million in Annaly Capital Management Inc $NLY

Key Points

• Strs Ohio recently purchased 112,756 shares of Annaly Capital Management, valued at approximately $2.29 million.
• Several hedge funds, including Vanguard Group and Goldman Sachs Group, have increased their holdings in Annaly Capital Management, indicating strong institutional interest.
• The company announced a quarterly dividend of $0.70, yielding approximately 12.7%, demonstrating its commitment to returning value to shareholders.

Strs Ohio purchased a new position in Annaly Capital Management Inc (NYSE:NLY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 112,756 shares of the real estate investment trust's stock, valued at approximately $2,290,000.

A number of other large investors also recently made changes to their positions in the business. Inlight Wealth Management LLC purchased a new position in Annaly Capital Management in the first quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in Annaly Capital Management in the first quarter worth about $28,000. Twin Tree Management LP bought a new position in Annaly Capital Management in the first quarter worth about $29,000. Smallwood Wealth Investment Management LLC bought a new position in Annaly Capital Management in the first quarter worth about $36,000. Finally, MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,598 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded down $0.31 during midday trading on Friday, hitting $21.39. The stock had a trading volume of 21,155,817 shares, compared to its average volume of 6,988,778. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45. The firm's fifty day moving average is $20.94 and its two-hundred day moving average is $20.00. The company has a market capitalization of $13.73 billion, a PE ratio of 21.18, a P/E/G ratio of 5.14 and a beta of 1.24.

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 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. On average, research analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.1%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is currently 277.23%.

Wall Street Analysts Forecast Growth

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