Clarity Financial LLC Purchases 24,022 Shares of Annaly Capital Management Inc $NLY

Clarity Financial LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 761,408 shares of the real estate investment trust’s stock after purchasing an additional 24,022 shares during the quarter. Annaly Capital Management comprises 1.5% of Clarity Financial LLC’s investment portfolio, making the stock its 28th biggest holding. Clarity Financial LLC’s holdings in Annaly Capital Management were worth $14,330,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $28,000. Twin Tree Management LP bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Annaly Capital Management during the first quarter valued at approximately $36,000. Finally, MCF Advisors LLC boosted its position in shares of Annaly Capital Management by 1,087.1% during the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,598 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Keefe, Bruyette & Woods boosted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a report on Friday, July 25th. Royal Bank Of Canada boosted 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. Finally, Jones Trading reissued a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, July 24th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

Annaly Capital Management Trading Up 2.1%

Shares of NYSE:NLY opened at $20.64 on Thursday. The company has a market cap of $13.25 billion, a P/E ratio of 20.43, a PEG ratio of 4.79 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a 1 year low of $16.59 and a 1 year high of $22.45. The stock’s fifty day moving average price is $21.08 and its 200-day moving average price is $19.97.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Sell-side analysts expect that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm 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 13.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 277.23%.

Annaly Capital Management Company 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.