Ritholtz Wealth Management Invests $262,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Ritholtz Wealth Management acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,837 shares of the real estate investment trust’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NLY. Marshall Wace LLP purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $30,000. Gradient Investments LLC purchased a new stake in Annaly Capital Management during the 3rd quarter valued at about $36,000. Berman Capital Advisors LLC boosted its holdings in Annaly Capital Management by 235.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 6,094 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 4,279 shares during the period. Marshall Wace North America L.P. purchased a new stake in Annaly Capital Management during the 1st quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Annaly Capital Management during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 47.55% of the company’s stock.

Shares of NYSE:NLY traded down $0.14 during trading on Monday, hitting $7.09. The stock had a trading volume of 178,146 shares, compared to its average volume of 17,713,512. Annaly Capital Management, Inc. has a 12 month low of $3.51 and a 12 month high of $10.50. The company has a market capitalization of $10.14 billion, a PE ratio of -4.23, a PEG ratio of 1.43 and a beta of 1.09. The firm’s fifty day moving average is $7.31 and its 200 day moving average is $6.80.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Annaly Capital Management had a positive return on equity of 12.15% and a negative net margin of 74.09%. The firm had revenue of $398.78 million during the quarter, compared to analyst estimates of $205.00 million. During the same quarter in the prior year, the company earned $0.25 EPS. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 12.41%. The ex-dividend date is Tuesday, September 29th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 88.00%.

NLY has been the subject of several analyst reports. Piper Sandler initiated coverage on Annaly Capital Management in a report on Tuesday, July 7th. They set an “overweight” rating and a $8.25 target price for the company. TheStreet upgraded Annaly Capital Management from a “d+” rating to a “c” rating in a report on Tuesday, August 18th. Zacks Investment Research lowered Annaly Capital Management from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research report on Tuesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Annaly Capital Management from $7.75 to $8.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $7.53.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

See Also: How to Use a Moving Average for Trading 

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.