Annaly Capital Management Inc $NLY Shares Bought by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,835 shares of the real estate investment trust’s stock after acquiring an additional 1,672 shares during the period. Proffitt & Goodson Inc.’s holdings in Annaly Capital Management were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Annaly Capital Management by 18.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 48,688 shares of the real estate investment trust’s stock worth $891,000 after purchasing an additional 7,428 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Annaly Capital Management by 3,629.3% in the 1st quarter. GAMMA Investing LLC now owns 99,722 shares of the real estate investment trust’s stock worth $2,025,000 after purchasing an additional 97,048 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $265,000. Wedmont Private Capital raised its holdings in shares of Annaly Capital Management by 10.1% during the first quarter. Wedmont Private Capital now owns 21,192 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 1,948 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Annaly Capital Management by 119.4% during the first quarter. UMB Bank n.a. now owns 5,699 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 3,101 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. UBS Group boosted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Saturday, September 27th. 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. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.94.

Annaly Capital Management Stock Performance

NLY stock opened at $20.62 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 4.85 and a beta of 1.25. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The firm has a 50 day moving average of $21.07 and a two-hundred day moving average of $19.92.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. As a group, equities analysts anticipate that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is currently 277.23%.

Annaly Capital Management Company 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.