Nicholas Investment Partners LP Purchases 60,500 Shares of Annaly Capital Management Inc $NLY

Nicholas Investment Partners LP grew its position in Annaly Capital Management Inc (NYSE:NLY) by 56.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 167,305 shares of the real estate investment trust’s stock after buying an additional 60,500 shares during the period. Nicholas Investment Partners LP’s holdings in Annaly Capital Management were worth $3,741,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HUB Investment Partners LLC lifted its holdings in Annaly Capital Management by 3.3% during the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 462 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after acquiring an additional 463 shares in the last quarter. Quadcap Wealth Management LLC raised its position in shares of Annaly Capital Management by 2.3% during the first quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock worth $463,000 after purchasing an additional 495 shares during the period. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Finally, GWN Securities Inc. lifted its holdings in shares of Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 514 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 0.5%

NYSE:NLY opened at $23.27 on Tuesday. Annaly Capital Management Inc has a twelve month low of $20.00 and a twelve month high of $24.52. The business has a 50 day moving average price of $22.81 and a two-hundred day moving average price of $22.38. The company has a market cap of $17.54 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 6.05 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. As a group, analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 12.9%. The ex-dividend date was Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NLY shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. BTIG Research set a $24.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

About Annaly Capital Management

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.