Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Family Asset Management LLC

Family Asset Management LLC increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,961 shares of the real estate investment trust’s stock after acquiring an additional 596 shares during the quarter. Family Asset Management LLC’s holdings in Annaly Capital Management were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NLY. Selway Asset Management purchased a new position in shares of Annaly Capital Management in the 3rd quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new position in Annaly Capital Management in the 4th quarter valued at $33,000. BluePath Capital Management LLC acquired a new position in Annaly Capital Management in the 3rd quarter valued at $34,000. Central Bank & Trust Co. purchased a new position in Annaly Capital Management during the 4th quarter worth $34,000. Finally, NBC Securities Inc. acquired a new stake in shares of Annaly Capital Management in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following 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 is available through this link. Company insiders own 0.21% of the company’s stock.

Annaly Capital Management Price Performance

NYSE NLY traded up $0.27 during mid-day trading on Monday, hitting $19.63. The stock had a trading volume of 2,867,385 shares, compared to its average volume of 3,601,327. The company has a 50 day simple moving average of $19.14 and a 200 day simple moving average of $18.69. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58. The company has a market cap of $9.82 billion, a price-to-earnings ratio of -20.23 and a beta of 1.54. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07.

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

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.25%. The ex-dividend date 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.