Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Simplify Asset Management Inc.

Simplify Asset Management Inc. raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 32.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,302 shares of the real estate investment trust’s stock after purchasing an additional 30,102 shares during the period. Simplify Asset Management Inc.’s holdings in Annaly Capital Management were worth $2,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis raised its position in shares of Annaly Capital Management by 16,140.0% during the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 67,788 shares during the last quarter. Clarity Financial LLC acquired a new position in shares of Annaly Capital Management during the third quarter valued at approximately $6,687,000. Russell Investments Group Ltd. lifted its position in shares of Annaly Capital Management by 27.3% in the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust’s stock valued at $3,303,000 after acquiring an additional 36,269 shares in the last quarter. PGGM Investments boosted its stake in shares of Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock worth $8,165,000 after acquiring an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Annaly Capital Management during the second quarter worth approximately $478,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.4 %

Shares of Annaly Capital Management stock traded down $0.07 during trading hours on Friday, reaching $19.52. 845,640 shares of the company were exchanged, compared to its average volume of 4,200,453. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The stock’s fifty day moving average is $19.88 and its 200 day moving average is $19.83.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.32%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

NLY has been the topic of several recent research reports. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Compass Point boosted their target price on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management 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.