Sullivan Wood Capital Management LLC Purchases New Holdings in Annaly Capital Management Inc $NLY

Key Points

• Sullivan Wood Capital Management LLC acquired a new stake in Annaly Capital Management purchasing 31,350 shares valued at approximately $612,000, making it the 14th largest position in their investment portfolio.
• Annaly recently announced a quarterly dividend of $0.70 per share, representing a 13.5% yield, with an annualized dividend of $2.80.
• Research analysts have varied opinions on the stock, with target price upgrades from firms like UBS Group and Royal Bank Of Canada, while some analysts have downgraded the stock to a "hold" rating.

Sullivan Wood Capital Management LLC purchased a new stake in Annaly Capital Management Inc (NYSE:NLY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,350 shares of the real estate investment trust's stock, valued at approximately $612,000. Annaly Capital Management comprises 1.3% of Sullivan Wood Capital Management LLC's investment portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Guidance Point Advisors LLC boosted its holdings in Annaly Capital Management by 3.1% in the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 519 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Annaly Capital Management by 5.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust's stock worth $231,000 after buying an additional 688 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Annaly Capital Management by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 23,222 shares of the real estate investment trust's stock worth $472,000 after buying an additional 725 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Annaly Capital Management by 3.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust's stock worth $436,000 after buying an additional 779 shares during the last quarter. Finally, Samalin Investment Counsel LLC lifted its holdings in Annaly Capital Management by 3.0% during the 1st quarter. Samalin Investment Counsel LLC now owns 27,518 shares of the real estate investment trust's stock worth $559,000 after buying an additional 796 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.3%

Shares of Annaly Capital Management stock opened at $20.70 on Friday. 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 simple moving average is $21.08 and its 200-day simple moving average is $19.96. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping 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 business had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.5%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 277.23%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NLY. UBS Group increased their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their price target on Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.81.

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.

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