FNY Investment Advisers LLC Raises Stake in Annaly Capital Management Inc $NLY

FNY Investment Advisers LLC increased its stake in Annaly Capital Management Inc (NYSE:NLY) by 1,014.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,800 shares of the real estate investment trust’s stock after buying an additional 7,100 shares during the quarter. FNY Investment Advisers LLC’s holdings in Annaly Capital Management were worth $146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLY. Financial Gravity Asset Management Inc. purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $28,000. Twin Tree Management LP purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $29,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $36,000. MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,598 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Annaly Capital Management by 416.7% in the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,000 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Up 1.1%

Shares of NLY opened at $21.29 on Thursday. The business’s 50-day moving average price is $21.13 and its 200-day moving average price is $19.95. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $22.45. The stock has a market cap of $13.67 billion, a PE ratio of 21.07, a P/E/G ratio of 4.98 and a beta of 1.25. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The firm had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. On average, equities analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 277.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NLY shares. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. Royal Bank Of Canada upped their price objective 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. Jones Trading reaffirmed a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 25th. Six investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.50.

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.