Valley Brook Capital Group Inc. Makes New $171,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Valley Brook Capital Group Inc. bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,810 shares of the real estate investment trust’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also made changes to their positions in NLY. Selway Asset Management purchased a new stake in shares of Annaly Capital Management in the 3rd quarter worth about $26,000. GAMMA Investing LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth about $33,000. BluePath Capital Management LLC purchased a new stake in shares of Annaly Capital Management in the 3rd quarter worth about $34,000. Central Bank & Trust Co. purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth about $34,000. Finally, NBC Securities Inc. purchased a new stake in shares of Annaly Capital Management in the 3rd quarter worth about $38,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction 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 approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Annaly Capital Management Trading Up 1.5 %

Shares of NYSE NLY 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. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The company has a 50 day moving average of $19.14 and a 200 day moving average of $18.67. The company has a current ratio of 0.10, a quick ratio of 1.22 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $9.68 billion, a PE ratio of -19.95 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same quarter in the prior year, the company posted $0.81 EPS. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

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

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.