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.
NLY traded down $0.14 during midday trading on Monday, reaching $7.09. 178,146 shares of the company’s stock traded hands, compared to its average volume of 17,713,512. Annaly Capital Management, Inc. has a 52 week low of $3.51 and a 52 week high of $10.50. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of -4.23, a P/E/G ratio of 1.43 and a beta of 1.09. The firm has a fifty day moving average of $7.31 and a two-hundred day moving average of $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 predict 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. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft increased their target price on Annaly Capital Management from $7.75 to $8.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TheStreet upgraded Annaly Capital Management from a “d+” rating to a “c” rating in a report on Tuesday, August 18th. Finally, Piper Sandler began coverage on Annaly Capital Management in a research report on Tuesday, July 7th. They set an “overweight” rating and a $8.25 price target for the company. 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.
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