Annaly Capital Management Inc $NLY Shares Acquired by Mount Lucas Management LP

Mount Lucas Management LP boosted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,600 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the period. Annaly Capital Management accounts for approximately 2.3% of Mount Lucas Management LP’s portfolio, making the stock its 4th biggest position. Mount Lucas Management LP’s holdings in Annaly Capital Management were worth $5,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LSV Asset Management raised its holdings in shares of Annaly Capital Management by 19.2% during the 2nd quarter. LSV Asset Management now owns 2,956,059 shares of the real estate investment trust’s stock valued at $55,633,000 after purchasing an additional 475,875 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Annaly Capital Management by 5.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 191,092 shares of the real estate investment trust’s stock valued at $3,596,000 after acquiring an additional 10,700 shares during the period. Slagle Financial LLC bought a new stake in Annaly Capital Management during the 2nd quarter valued at approximately $2,709,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Annaly Capital Management by 16.0% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 330,971 shares of the real estate investment trust’s stock valued at $6,229,000 after purchasing an additional 45,670 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new stake in Annaly Capital Management during the second quarter worth about $25,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $21.65 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.09 and a debt-to-equity ratio of 0.19. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The company’s fifty day simple moving average is $21.23 and its 200-day simple moving average is $20.35. The firm has a market cap of $14.78 billion, a PE ratio of 10.02, a P/E/G ratio of 6.47 and a beta of 1.27.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $493.55 million. Equities research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 129.63%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of research reports. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods lifted their target price on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the stock a “cautious” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Hold” and an average target price of $21.71.

Annaly Capital Management 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.