Rise Advisors LLC Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Rise Advisors LLC acquired a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,486 shares of the real estate investment trust’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in NLY. DekaBank Deutsche Girozentrale lifted its position in shares of Annaly Capital Management by 1.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock valued at $1,310,000 after buying an additional 717 shares in the last quarter. Invesco Ltd. lifted its position in shares of Annaly Capital Management by 14.4% during the 3rd quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after buying an additional 269,758 shares in the last quarter. LPL Financial LLC lifted its position in shares of Annaly Capital Management by 9.1% during the 3rd quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock valued at $13,562,000 after buying an additional 59,883 shares in the last quarter. Covestor Ltd lifted its position in shares of Annaly Capital Management by 22.4% during the 3rd quarter. Covestor Ltd now owns 6,269 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 1,149 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Annaly Capital Management by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 223,099 shares of the real estate investment trust’s stock valued at $4,196,000 after buying an additional 840 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $19.95 on Friday. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The business has a 50-day moving average price of $19.42 and a 200-day moving average price of $19.34.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.81 earnings per share. Analysts forecast that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.04%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Wall Street Analyst Weigh In

NLY has been the topic of a number of research analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target on the stock. Compass Point assumed coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Jonestrading reissued a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, April 25th. Finally, StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.07.

Annaly Capital Management Company Profile

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.