PARK CIRCLE Co Purchases New Holdings in Annaly Capital Management Inc $NLY

PARK CIRCLE Co acquired a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Annaly Capital Management in the second quarter valued at $100,216,000. Goldman Sachs Group Inc. grew its holdings in Annaly Capital Management by 833.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after acquiring an additional 2,607,784 shares in the last quarter. Nuveen LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth about $37,580,000. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Annaly Capital Management during the first quarter worth about $16,500,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.95 on Thursday. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. The business’s fifty day moving average price is $21.08 and its two-hundred day moving average price is $19.93. The firm has a market capitalization of $13.45 billion, a PE ratio of 20.74, a P/E/G ratio of 4.88 and a beta of 1.25.

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 the consensus estimate of $0.72 by $0.01. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. On average, research analysts expect that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 277.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays set a $20.00 price target on Annaly Capital Management and gave the stock a “cautious” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. UBS Group upped 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. Jones Trading restated a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Finally, Zacks Research cut shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.13.

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.