Bleakley Financial Group LLC Makes New Investment in Annaly Capital Management Inc $NLY

Bleakley Financial Group LLC bought a new position in Annaly Capital Management Inc (NYSE:NLY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,430 shares of the real estate investment trust’s stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Global Investments boosted its position in shares of Annaly Capital Management by 332.3% during the third quarter. Summit Global Investments now owns 59,797 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 45,966 shares during the period. Mediolanum International Funds Ltd grew its stake in shares of Annaly Capital Management by 13.2% in the third quarter. Mediolanum International Funds Ltd now owns 523,277 shares of the real estate investment trust’s stock worth $10,947,000 after acquiring an additional 60,814 shares in the last quarter. AIA Group Ltd grew its stake in shares of Annaly Capital Management by 124.8% during the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after purchasing an additional 88,341 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Annaly Capital Management by 3.2% during the third quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after purchasing an additional 1,887,629 shares in the last quarter. Finally, Horizon Investments LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at $7,946,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $21.85 on Friday. The firm has a fifty day moving average of $21.92 and a two-hundred day moving average of $22.49. Annaly Capital Management Inc has a 1-year low of $18.58 and a 1-year high of $24.52. The firm has a market cap of $16.01 billion, a P/E ratio of 7.38, a P/E/G ratio of 6.59 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, sell-side analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JonesTrading reaffirmed a “buy” rating and issued a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. UBS Group reissued a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. Royal Bank Of Canada increased their price target on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.22.

Annaly Capital Management 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.