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

Bleakley Financial Group LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,478 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Other large investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in Annaly Capital Management in the first quarter valued at approximately $28,000. Twin Tree Management LP acquired a new stake in Annaly Capital Management in the first quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in Annaly Capital Management in the first quarter valued at approximately $36,000. MCF Advisors LLC grew its stake in Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,598 shares during the period. Finally, Bogart Wealth LLC grew its stake in Annaly Capital Management by 416.7% in the second quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the subject of a number of research reports. Barclays set a $20.00 price objective on Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday. Jones Trading reissued a “buy” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Thursday. UBS Group raised their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.63.

Annaly Capital Management Stock Up 0.3%

Shares of NYSE:NLY opened at $20.96 on Monday. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 4.96 and a beta of 1.25. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The business’s 50 day moving average is $21.13 and its 200 day moving average is $20.02.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. On average, sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

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.