Golden State Wealth Management LLC Has $102,000 Position in Annaly Capital Management Inc $NLY

Golden State Wealth Management LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 4,225.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,407 shares of the real estate investment trust’s stock after purchasing an additional 5,282 shares during the quarter. Golden State Wealth Management LLC’s holdings in Annaly Capital Management were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in Annaly Capital Management in the first quarter worth $28,000. Twin Tree Management LP acquired a new position in shares of Annaly Capital Management in the 1st quarter valued at $29,000. MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,598 shares during the period. Assetmark Inc. lifted its holdings in shares of Annaly Capital Management by 97.5% during the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,190 shares during the period. Finally, Bogart Wealth LLC boosted its position in shares of Annaly Capital Management by 416.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,000 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 1.4%

Shares of NLY opened at $21.91 on Friday. The company has a market capitalization of $14.96 billion, a P/E ratio of 10.14, a PEG ratio of 6.47 and a beta of 1.27. Annaly Capital Management Inc has a one year low of $16.59 and a one year high of $22.45. The business’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $20.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $885.58 million during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s payout ratio is currently 129.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their target price on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Jones Trading reaffirmed a “buy” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Thursday, October 23rd. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a “cautious” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.71.

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.