Public Employees Retirement System of Ohio Acquires 13,053 Shares of Annaly Capital Management Inc $NLY

Public Employees Retirement System of Ohio boosted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,640 shares of the real estate investment trust’s stock after buying an additional 13,053 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Annaly Capital Management were worth $3,494,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NLY. Kingstone Capital Partners Texas LLC bought a new stake in Annaly Capital Management during the second quarter valued at approximately $100,216,000. Goldman Sachs Group Inc. lifted its holdings in Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after purchasing an additional 2,607,784 shares in the last quarter. Nuveen LLC purchased a new position in Annaly Capital Management during the first quarter valued at approximately $37,580,000. Vanguard Group Inc. lifted its holdings in Annaly Capital Management by 3.0% during the first quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Annaly Capital Management during the first quarter valued at approximately $16,500,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $20.22 on Wednesday. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 4.96 and a beta of 1.24. The firm’s fifty day moving average is $21.08 and its 200 day moving average is $19.96. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management Inc has a 52-week low of $16.59 and a 52-week high of $22.45.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Sell-side analysts forecast that Annaly Capital Management Inc will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.80 dividend on an annualized basis and a yield of 13.8%. Annaly Capital Management’s dividend payout ratio is presently 277.23%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NLY shares. Royal Bank Of Canada lifted their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Jones Trading reaffirmed a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. UBS Group lifted their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

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.