Janney Montgomery Scott LLC Grows Holdings in Annaly Capital Management Inc $NLY

Janney Montgomery Scott LLC lifted its stake in Annaly Capital Management Inc (NYSE:NLY) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 463,393 shares of the real estate investment trust’s stock after acquiring an additional 27,726 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Annaly Capital Management were worth $10,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NLY. Horizon Investments LLC purchased a new stake in Annaly Capital Management during the fourth quarter worth about $7,946,000. Vanguard Group Inc. boosted its stake in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after purchasing an additional 3,024,564 shares during the period. DNB Asset Management AS boosted its stake in shares of Annaly Capital Management by 165.4% in the fourth quarter. DNB Asset Management AS now owns 336,067 shares of the real estate investment trust’s stock valued at $7,514,000 after purchasing an additional 209,435 shares during the period. Legal & General Group Plc boosted its stake in shares of Annaly Capital Management by 3.9% in the fourth quarter. Legal & General Group Plc now owns 1,984,768 shares of the real estate investment trust’s stock valued at $44,379,000 after purchasing an additional 74,074 shares during the period. Finally, Norges Bank acquired a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $162,477,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY stock opened at $23.33 on Friday. The company’s 50 day moving average price is $22.61 and its 200 day moving average price is $22.40. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 6.09 and a beta of 1.16. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. Equities analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 75.19%.

Analysts Set New Price Targets

NLY has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $25.00 price target 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 research report on Friday, April 24th. Finally, BTIG Research set a $24.00 price objective on Annaly Capital Management in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

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.