GAMMA Investing LLC Acquires Shares of 1,705 Annaly Capital Management, Inc. (NYSE:NLY)

GAMMA Investing LLC acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,705 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Other institutional investors also recently added to or reduced their stakes in the company. Selway Asset Management purchased a new stake in Annaly Capital Management in the 3rd quarter valued at approximately $26,000. BluePath Capital Management LLC purchased a new stake in Annaly Capital Management in the 3rd quarter valued at approximately $34,000. Central Bank & Trust Co. purchased a new stake in Annaly Capital Management in the 4th quarter valued at approximately $34,000. NBC Securities Inc. purchased a new stake in Annaly Capital Management in the 3rd quarter valued at approximately $38,000. Finally, Carmichael Hill & Associates Inc. boosted its holdings in Annaly Capital Management by 90.2% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 2,472 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,172 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Monday, February 12th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Jonestrading reiterated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, April 25th. Compass Point began coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.08.

Annaly Capital Management Trading Up 1.5 %

Shares of Annaly Capital Management stock opened at $19.35 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.07. The company has a market capitalization of $9.68 billion, a P/E ratio of -19.95 and a beta of 1.54. The business has a 50 day moving average price of $19.14 and a 200 day moving average price of $18.67.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period in the previous year, the firm posted $0.81 EPS. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.62 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 13.44%. Annaly Capital Management’s payout ratio is currently -268.04%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

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.