TCG Advisory Services LLC Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

TCG Advisory Services LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,849 shares of the real estate investment trust’s stock, valued at approximately $656,000.

A number of other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its holdings in Annaly Capital Management by 1.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock valued at $1,310,000 after acquiring an additional 717 shares during the period. Fifth Third Bancorp boosted its holdings in Annaly Capital Management by 37.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 773 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Annaly Capital Management by 2.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 800 shares during the period. Bell Bank boosted its holdings in Annaly Capital Management by 0.7% during the 3rd quarter. Bell Bank now owns 113,786 shares of the real estate investment trust’s stock valued at $2,140,000 after acquiring an additional 803 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Annaly Capital Management by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,099 shares of the real estate investment trust’s stock valued at $4,196,000 after acquiring an additional 840 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 1.5 %

NLY stock traded up $0.28 on Friday, reaching $19.35. 3,084,293 shares of the company traded hands, compared to its average volume of 3,416,167. The company has a market cap of $9.68 billion, a P/E ratio of -19.95 and a beta of 1.54. The firm has a fifty day simple moving average of $19.14 and a 200-day simple moving average of $18.67. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter last year, the company earned $0.81 EPS. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Annaly Capital Management’s payout ratio is -268.04%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Compass Point assumed coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.08.

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.