Intellectus Partners LLC Has $958,000 Stake in Annaly Capital Management Inc $NLY

Intellectus Partners LLC lifted its position in shares of Annaly Capital Management Inc (NYSE:NLY) by 53.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,083 shares of the real estate investment trust’s stock after buying an additional 17,083 shares during the period. Intellectus Partners LLC’s holdings in Annaly Capital Management were worth $958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Guidance Point Advisors LLC increased its stake in Annaly Capital Management by 3.1% in the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 519 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Annaly Capital Management by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust’s stock valued at $1,350,000 after buying an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Annaly Capital Management by 5.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,290 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 688 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Annaly Capital Management by 3.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,488 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 779 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in shares of Annaly Capital Management by 4.7% during the 2nd quarter. OLD National Bancorp IN now owns 17,544 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 788 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NLY. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised 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. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Barclays set a $20.00 price target on shares of Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada boosted their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Five 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.71.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $21.17 on Monday. Annaly Capital Management Inc has a 12 month low of $16.59 and a 12 month high of $22.45. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $21.15 and its 200 day simple moving average is $20.14. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 6.47 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. Sell-side analysts forecast 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 was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.80 annualized dividend and a dividend yield of 13.2%. Annaly Capital Management’s dividend payout ratio 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.