7,597 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,597 shares of the real estate investment trust’s stock, valued at approximately $150,000.

A number of other large investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its position in Annaly Capital Management by 21.4% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 500 shares during the period. Sunbelt Securities Inc. boosted its position in Annaly Capital Management by 6.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 562 shares during the period. Family Asset Management LLC boosted its position in Annaly Capital Management by 2.7% in the 4th quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 596 shares during the period. Retirement Group LLC boosted its position in Annaly Capital Management by 27.7% in the 1st quarter. Retirement Group LLC now owns 3,168 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 687 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Annaly Capital Management by 6.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 704 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Compass Point boosted their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research report on Friday, July 26th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Finally, StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Annaly Capital Management Stock Down 0.2 %

Shares of NYSE NLY traded down $0.03 during trading hours on Thursday, hitting $19.88. 3,588,925 shares of the stock were exchanged, compared to its average volume of 3,585,670. The company has a market cap of $9.96 billion, a PE ratio of -20.49 and a beta of 1.54. The firm has a fifty day moving average price of $19.76 and a 200-day moving average price of $19.42. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 13.08%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

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.