Asset Management One Co. Ltd. Purchases 8,694 Shares of Annaly Capital Management Inc $NLY

Asset Management One Co. Ltd. increased its position in Annaly Capital Management Inc (NYSE:NLY) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 232,648 shares of the real estate investment trust’s stock after buying an additional 8,694 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Annaly Capital Management were worth $4,378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of NLY. Financial Gravity Asset Management Inc. acquired a new position in Annaly Capital Management in the 1st quarter valued at about $28,000. Twin Tree Management LP acquired a new position in Annaly Capital Management in the 1st quarter valued at about $29,000. Smallwood Wealth Investment Management LLC acquired a new position in Annaly Capital Management in the 1st quarter valued at about $36,000. MCF Advisors LLC grew its stake in 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 valued at $37,000 after buying an additional 1,598 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in 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 valued at $47,000 after buying an additional 2,000 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $21.06 on Wednesday. The company’s 50 day moving average price is $21.15 and its two-hundred day moving average price is $20.06. Annaly Capital Management Inc has a 12-month low of $16.59 and a 12-month high of $22.45. The firm has a market cap of $13.52 billion, a PE ratio of 9.75, a PEG ratio of 5.01 and a beta of 1.25. 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 (NYSE:NLY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (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 firm had revenue of $885.58 million for the quarter, compared to analyst estimates of $493.55 million. Equities research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 129.63%.

Analyst Ratings Changes

A number of brokerages recently commented on NLY. Royal Bank Of Canada upped their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Finally, Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.63.

About Annaly Capital Management

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.