Annaly Capital Management Inc $NLY Shares Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its position in Annaly Capital Management Inc (NYSE:NLY) by 8.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 31,274 shares of the real estate investment trust’s stock after acquiring an additional 2,375 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Annaly Capital Management were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $28,000. Twin Tree Management LP bought a new stake in Annaly Capital Management during the first quarter worth approximately $29,000. MCF Advisors LLC lifted its position in Annaly Capital Management by 1,087.1% in the first quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,598 shares during the period. Assetmark Inc. boosted its stake in Annaly Capital Management by 97.5% during the 2nd quarter. Assetmark Inc. now owns 2,411 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Bogart Wealth LLC boosted its stake in Annaly Capital Management by 416.7% during the 2nd quarter. Bogart Wealth LLC now owns 2,480 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays set a $20.00 price objective on shares of Annaly Capital Management and gave the company a “cautious” rating in a research report on Monday, October 6th. Jones Trading reiterated a “buy” rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Thursday, October 23rd. Finally, UBS Group increased their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Hold” and a consensus price target of $21.71.

Annaly Capital Management Trading Up 1.4%

NYSE:NLY opened at $21.91 on Friday. The stock has a market cap of $14.96 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 6.47 and a beta of 1.27. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The stock’s 50-day moving average is $21.20 and its two-hundred day moving average is $20.24.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The business had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 129.63%.

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.