Rhumbline Advisers Has $36.10 Million Stock Position in Annaly Capital Management Inc $NLY

Rhumbline Advisers raised its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,786,198 shares of the real estate investment trust’s stock after buying an additional 73,584 shares during the quarter. Rhumbline Advisers owned about 0.26% of Annaly Capital Management worth $36,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Companies Inc. acquired a new position in Annaly Capital Management during the 2nd quarter valued at $25,000. Delos Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management during the second quarter valued at about $28,000. Evolution Wealth Management Inc. bought a new stake in shares of Annaly Capital Management in the second quarter valued at about $29,000. MCF Advisors LLC grew its position in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 496 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Annaly Capital Management during the second quarter valued at about $34,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NLY. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, January 6th. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Jones Trading boosted their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $23.06 on Friday. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $24.52. The business has a fifty day moving average of $23.08 and a two-hundred day moving average of $21.93. The stock has a market cap of $15.75 billion, a PE ratio of 8.29, a PEG ratio of 7.09 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $567.67 million. Analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.70 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.1%. Annaly Capital Management’s payout ratio is 100.72%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.