Independent Financial Group LLC Invests $3.94 Million in Annaly Capital Management Inc $NLY

Independent Financial Group LLC bought a new position in Annaly Capital Management Inc (NYSE:NLY) during the first quarter, HoldingsChannel reports. The fund bought 186,184 shares of the real estate investment trust’s stock, valued at approximately $3,938,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Koshinski Asset Management Inc. grew its holdings in Annaly Capital Management by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 463 shares during the period. Fourth Dimension Wealth LLC raised its stake in shares of Annaly Capital Management by 76.9% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares during the period. GWN Securities Inc. lifted its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 514 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 524 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Annaly Capital Management by 3.3% during the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 548 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Finally, JonesTrading restated a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Annaly Capital Management Stock Down 1.7%

Shares of Annaly Capital Management stock opened at $23.02 on Friday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 7.11 and a beta of 1.16. The stock’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $22.46. Annaly Capital Management Inc has a 52 week low of $19.70 and a 52 week high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%. On average, equities analysts expect that Annaly Capital Management Inc will post 3 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 13.0%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is currently 101.35%.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.