Anson Funds Management LP Invests $2.76 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Anson Funds Management LP bought a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 137,500 shares of the real estate investment trust’s stock, valued at approximately $2,760,000.

A number of other hedge funds have also modified their holdings of NLY. Avior Wealth Management LLC increased its holdings in Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. increased its holdings in Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP acquired a new stake in Annaly Capital Management during the 2nd quarter valued at $36,000. Toth Financial Advisory Corp increased its holdings in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in Annaly Capital Management by 94.2% during the 3rd quarter. MCF Advisors LLC now owns 4,219 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 2,047 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NYSE NLY opened at $19.84 on Friday. The stock has a fifty day moving average of $19.65 and a 200-day moving average of $19.84. The stock has a market capitalization of $11.12 billion, a P/E ratio of -283.43 and a beta of 1.51. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 13.10%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.63.

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.