11,478 Shares in Annaly Capital Management Inc $NLY Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 11,478 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Annaly Capital Management in the first quarter valued at $466,000. Bessemer Group Inc. raised its stake in shares of Annaly Capital Management by 11.7% in the first quarter. Bessemer Group Inc. now owns 7,731 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 811 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 196,489 shares during the period. Wealthstar Advisors LLC bought a new stake in shares of Annaly Capital Management in the first quarter valued at $593,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Annaly Capital Management by 6.6% in the first quarter. Asset Management One Co. Ltd. now owns 223,954 shares of the real estate investment trust’s stock valued at $4,549,000 after buying an additional 13,835 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.96 on Monday. The stock has a market cap of $13.46 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 4.96 and a beta of 1.25. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.11 and a current ratio of 0.09. The stock has a fifty day moving average of $21.13 and a 200-day moving average of $20.02.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The business had revenue of $885.58 million during the quarter, compared to analysts’ expectations of $493.55 million. Equities research analysts anticipate 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.4%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s payout ratio is presently 129.63%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. UBS Group lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Royal Bank Of Canada lifted their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.63.

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.