Securian Asset Management Inc. Buys 2,156 Shares of Annaly Capital Management Inc $NLY

Securian Asset Management Inc. grew its stake in Annaly Capital Management Inc (NYSE:NLY) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,081 shares of the real estate investment trust’s stock after purchasing an additional 2,156 shares during the quarter. Securian Asset Management Inc.’s holdings in Annaly Capital Management were worth $867,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in Annaly Capital Management during the first quarter worth $28,000. Twin Tree Management LP bought a new stake in Annaly Capital Management during the first quarter worth $29,000. Smallwood Wealth Investment Management LLC bought a new stake in Annaly Capital Management during the first quarter worth $36,000. MCF Advisors LLC lifted its holdings in 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 worth $37,000 after acquiring an additional 1,598 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in Annaly Capital Management by 416.7% during the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $20.93 on Friday. 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 business has a fifty day simple moving average of $21.13 and a two-hundred day simple moving average of $19.97. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The company has a market capitalization of $13.44 billion, a P/E ratio of 9.69, a P/E/G ratio of 5.04 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 16.53% and a net margin of 26.68%.The business had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. On average, analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 277.23%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NLY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. Jones Trading reiterated a “buy” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Thursday. Royal Bank Of Canada lifted their price target on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.63.

About Annaly Capital Management

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.