SG Trading Solutions LLC Acquires Shares of 59,899 Annaly Capital Management Inc $NLY

SG Trading Solutions LLC bought a new stake in shares of Annaly Capital Management Inc (NYSE:NLY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 59,899 shares of the real estate investment trust’s stock, valued at approximately $1,339,000.

A number of other large investors have also added to or reduced their stakes in NLY. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares during the last quarter. State Street Corp lifted its stake in Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock valued at $608,994,000 after purchasing an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC grew its holdings in Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after purchasing an additional 1,503,559 shares during the period. Norges Bank bought a new position in Annaly Capital Management during the fourth quarter valued at $162,477,000. Finally, Morgan Stanley increased its position in Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after buying an additional 1,751,509 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $22.20 on Friday. The company has a market cap of $16.26 billion, a P/E ratio of 7.50, a P/E/G ratio of 6.77 and a beta of 1.17. The stock’s fifty day moving average price is $22.05 and its two-hundred day moving average price is $22.46. Annaly Capital Management Inc has a 1 year low of $18.64 and a 1 year high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. On average, analysts expect that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s payout ratio is 94.59%.

Analyst Ratings Changes

Several analysts have issued reports on NLY shares. BTIG Research set a $24.00 target price on Annaly Capital Management in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. UBS Group reaffirmed a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Wall Street Zen upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, JonesTrading reiterated a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average price target of $24.11.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.