Sunbelt Securities Inc. Boosts Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Sunbelt Securities Inc. grew its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,937 shares of the real estate investment trust’s stock after buying an additional 562 shares during the period. Sunbelt Securities Inc.’s holdings in Annaly Capital Management were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NLY. Core Wealth Advisors Inc. grew its position in Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,000 shares during the period. Rise Advisors LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in Annaly Capital Management in the fourth quarter valued at approximately $33,000. First United Bank & Trust acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $33,000. Finally, Central Bank & Trust Co. purchased a new stake in Annaly Capital Management during the fourth quarter worth approximately $34,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NLY shares. Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Finally, StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.07.

Annaly Capital Management Trading Down 3.2 %

NLY stock opened at $19.05 on Friday. The firm has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $19.41. The company has a market capitalization of $9.53 billion, a P/E ratio of -19.64 and a beta of 1.53. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting the consensus estimate of $0.64. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period last year, the business earned $0.81 EPS. On average, research analysts predict that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.65%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s payout ratio is currently -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.