Armstrong Advisory Group Inc. Acquires 2,988 Shares of Annaly Capital Management Inc $NLY

Armstrong Advisory Group Inc. grew its holdings in Annaly Capital Management Inc (NYSE:NLY) by 32.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,109 shares of the real estate investment trust’s stock after purchasing an additional 2,988 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Annaly Capital Management were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NLY. Quantinno Capital Management LP bought a new position in shares of Annaly Capital Management in the 4th quarter valued at about $240,000. ProShare Advisors LLC raised its position in shares of Annaly Capital Management by 20.0% in the 4th quarter. ProShare Advisors LLC now owns 26,227 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 4,375 shares during the period. Royal Bank of Canada raised its position in shares of Annaly Capital Management by 18.6% in the 4th quarter. Royal Bank of Canada now owns 1,042,238 shares of the real estate investment trust’s stock valued at $19,073,000 after acquiring an additional 163,155 shares during the period. Tidal Investments LLC raised its position in shares of Annaly Capital Management by 9.0% in the 4th quarter. Tidal Investments LLC now owns 14,394 shares of the real estate investment trust’s stock valued at $263,000 after acquiring an additional 1,190 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $3,524,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.88 on Tuesday. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. 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 firm has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $19.97. The stock has a market capitalization of $13.41 billion, a PE ratio of 20.68, a P/E/G ratio of 5.06 and a beta of 1.24.

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

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 277.23%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NLY. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. 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 report on Monday, September 15th. 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 increased their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research 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 report on Thursday, July 24th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.81.

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.