F M Investments LLC Invests $502,000 in Annaly Capital Management, Inc. (NYSE:NLY)

F M Investments LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,351 shares of the real estate investment trust’s stock, valued at approximately $502,000.

A number of other hedge funds have also bought and sold shares of the company. Core Wealth Advisors Inc. lifted its holdings in Annaly Capital Management by 222.2% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new position in Annaly Capital Management in the first quarter worth $29,000. GAMMA Investing LLC acquired a new position in Annaly Capital Management in the fourth quarter worth $33,000. First United Bank & Trust bought a new stake in Annaly Capital Management during the fourth quarter valued at $33,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth $37,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $20.16 on Friday. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The business’s fifty day moving average price is $19.83 and its two-hundred day moving average price is $19.52. The company has a market capitalization of $10.09 billion, a P/E ratio of -20.78 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the previous year, the business earned $0.72 earnings per share. On average, research analysts expect that Annaly Capital Management, Inc. will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.90%. The ex-dividend date of this dividend was Friday, June 28th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Compass Point raised their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Janney Montgomery Scott began coverage on Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.14.

About Annaly Capital Management

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.