Element Wealth LLC purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) in the fourth quarter, Holdings Channel reports. The fund purchased 10,009 shares of the real estate investment trust’s stock, valued at approximately $85,000.
Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new position in Annaly Capital Management during the 1st quarter worth $30,000. Hoover Financial Advisors Inc. acquired a new position in Annaly Capital Management during the 4th quarter worth $32,000. Simon Quick Advisors LLC acquired a new position in Annaly Capital Management during the 4th quarter worth $33,000. Marshall Wace North America L.P. acquired a new position in Annaly Capital Management during the 1st quarter worth $40,000. Finally, Penbrook Management LLC acquired a new position in Annaly Capital Management during the 4th quarter worth $41,000. Institutional investors own 44.56% of the company’s stock.
A number of research firms have recently commented on NLY. Bank of America boosted their price objective on Annaly Capital Management from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, November 25th. Keefe, Bruyette & Woods raised Annaly Capital Management from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research note on Friday, December 18th. Jefferies Financial Group began coverage on Annaly Capital Management in a research note on Monday, December 14th. They issued a “buy” rating and a $9.50 price objective on the stock. Argus began coverage on Annaly Capital Management in a research note on Wednesday, December 9th. They issued a “buy” rating and a $9.00 price objective on the stock. Finally, Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Annaly Capital Management currently has an average rating of “Buy” and an average price target of $8.06.
NYSE:NLY traded up $0.02 during trading hours on Monday, hitting $8.48. 1,159,040 shares of the company’s stock traded hands, compared to its average volume of 14,414,421. The firm has a market cap of $11.86 billion, a P/E ratio of -18.04, a P/E/G ratio of 1.53 and a beta of 1.15. Annaly Capital Management, Inc. has a twelve month low of $3.51 and a twelve month high of $10.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $7.76.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $432.86 million for the quarter, compared to analyst estimates of $443.00 million. Annaly Capital Management had a positive return on equity of 13.27% and a negative net margin of 20.12%. Annaly Capital Management’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 1.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Thursday, December 31st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 10.38%. The ex-dividend date of this dividend was Wednesday, December 30th. Annaly Capital Management’s payout ratio is 88.00%.
About Annaly Capital Management
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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