Virginia Retirement Systems ET AL bought a new stake in shares of Annaly Capital Management Inc. (NYSE:NLY) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 214,100 shares of the company’s stock, valued at approximately $2,370,000.

A number of other institutional investors have also recently added to or reduced their stakes in NLY. Acrospire Investment Management LLC purchased a new position in Annaly Capital Management during the second quarter valued at approximately $101,000. Penserra Capital Management LLC raised its position in Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock valued at $112,000 after buying an additional 189 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock valued at $115,000 after buying an additional 4,636 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new position in Annaly Capital Management during the second quarter valued at approximately $116,000. Finally, Telemus Capital LLC raised its position in Annaly Capital Management by 3.1% in the second quarter. Telemus Capital LLC now owns 10,918 shares of the company’s stock valued at $121,000 after buying an additional 326 shares in the last quarter. 54.19% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Inc. (NYSE:NLY) opened at 10.83 on Friday. Annaly Capital Management Inc. has a 12 month low of $8.25 and a 12 month high of $11.29. The stock has a 50 day moving average of $10.83 and a 200-day moving average of $10.68. The firm’s market cap is $10.78 billion.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts predict that Annaly Capital Management Inc. will post $1.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a $0.2641 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.76%. The ex-dividend date is Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is -94.49%.

A number of equities research analysts have recently weighed in on the stock. Compass Point downgraded shares of Annaly Capital Management from a “neutral” rating to a “sell” rating and set a $10.50 price target on the stock. in a research note on Wednesday, June 15th. Deutsche Bank AG raised their price target on shares of Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG restated a “hold” rating and issued a $11.50 price target on shares of Annaly Capital Management in a research note on Friday, September 9th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $11.00 price target on shares of Annaly Capital Management in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Annaly Capital Management currently has a consensus rating of “Hold” and an average price target of $11.06.

About Annaly Capital Management

Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.

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