Sullivan Wood Capital Management LLC Buys New Stake in Annaly Capital Management Inc $NLY

Sullivan Wood Capital Management LLC bought a new stake in Annaly Capital Management Inc (NYSE:NLY) during the 2nd quarter, HoldingsChannel reports. The fund bought 31,350 shares of the real estate investment trust’s stock, valued at approximately $612,000. Annaly Capital Management comprises 1.3% of Sullivan Wood Capital Management LLC’s portfolio, making the stock its 14th biggest position.

Other hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management during the 1st quarter valued at $28,000. Twin Tree Management LP acquired a new position in shares of Annaly Capital Management during the 1st quarter valued at $29,000. MCF Advisors LLC increased its position 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 valued at $37,000 after purchasing an additional 1,598 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter valued at $36,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NLY has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th. 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. Jones Trading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, July 24th. Royal Bank Of Canada raised their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Zacks Research lowered 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 and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

Annaly Capital Management Stock Up 0.3%

NYSE:NLY opened at $20.70 on Friday. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management Inc has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $21.08 and its 200 day moving average price is $19.96.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s payout ratio is presently 277.23%.

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.