Advisors Preferred LLC Purchases New Holdings in Annaly Capital Management Inc $NLY

Advisors Preferred LLC purchased a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,893 shares of the real estate investment trust’s stock, valued at approximately $360,000.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $28,000. Twin Tree Management LP acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $29,000. MCF Advisors LLC lifted its holdings in 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 purchasing an additional 1,598 shares during the last quarter. Assetmark Inc. lifted its holdings in 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 purchasing an additional 1,190 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in 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 worth $47,000 after purchasing an additional 2,000 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NLY. Jones Trading reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Thursday, October 23rd. 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. Barclays set a $20.00 price objective on Annaly Capital Management and gave the company a “cautious” rating in a report on Monday, October 6th. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Hold” and a consensus target price of $21.71.

Annaly Capital Management Trading Up 0.7%

NLY opened at $21.33 on Tuesday. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The company’s 50-day moving average is $21.15 and its 200 day moving average is $20.17. The firm has a market capitalization of $13.69 billion, a PE ratio of 9.87, a P/E/G ratio of 6.47 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%.The company had revenue of $885.58 million for the quarter, compared to analyst estimates of $493.55 million. As a group, research analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 129.63%.

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.