Valley Brook Capital Group Inc. Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Valley Brook Capital Group Inc. purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 8,810 shares of the real estate investment trust’s stock, valued at approximately $171,000.

Other large investors have also recently bought and sold shares of the company. Selway Asset Management purchased a new stake in Annaly Capital Management in the 3rd quarter worth about $26,000. GAMMA Investing LLC purchased a new stake in Annaly Capital Management in the 4th quarter worth about $33,000. Central Bank & Trust Co. purchased a new stake in Annaly Capital Management in the 4th quarter worth about $34,000. BluePath Capital Management LLC purchased a new stake in Annaly Capital Management in the 3rd quarter worth about $34,000. Finally, NBC Securities Inc. purchased a new stake in Annaly Capital Management in the 3rd quarter worth about $38,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Stock Up 1.5 %

Shares of NLY traded up $0.28 during midday trading on Friday, reaching $19.35. 3,084,293 shares of the stock were exchanged, compared to its average volume of 3,416,167. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07. The firm has a 50 day simple moving average of $19.14 and a 200-day simple moving average of $18.67. The company has a quick ratio of 1.22, a current ratio of 0.10 and a debt-to-equity ratio of 1.58. The company has a market cap of $9.68 billion, a price-to-earnings ratio of -19.95 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period last year, the business earned $0.81 EPS. Research analysts forecast that Annaly Capital Management, Inc. will post 2.62 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Thursday, March 28th were issued a $0.65 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 13.44%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Jonestrading reaffirmed a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, April 25th. Finally, StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.08.

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.