Annaly Capital Management, Inc. (NYSE:NLY) is Algebris UK Ltd’s Largest Position

Algebris UK Ltd raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 195.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,034,821 shares of the real estate investment trust’s stock after buying an additional 2,671,236 shares during the quarter. Annaly Capital Management comprises approximately 23.4% of Algebris UK Ltd’s portfolio, making the stock its biggest position. Algebris UK Ltd owned 0.81% of Annaly Capital Management worth $87,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NLY. Core Wealth Advisors Inc. lifted its position in Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Rise Advisors LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter worth about $29,000. GAMMA Investing LLC purchased a new position in shares of Annaly Capital Management in the 4th quarter worth about $33,000. First United Bank & Trust purchased a new position in shares of Annaly Capital Management in the 4th quarter worth about $33,000. Finally, Central Bank & Trust Co. purchased a new position in shares of Annaly Capital Management in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Up 2.5 %

Shares of Annaly Capital Management stock traded up $0.49 during trading hours on Friday, reaching $20.42. 7,193,527 shares of the stock traded hands, compared to its average volume of 3,700,835. The company has a 50 day moving average price of $19.71 and a 200 day moving average price of $19.36. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of -21.05 and a beta of 1.54. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same period in the previous year, the company posted $0.81 EPS. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.73%. Annaly Capital Management’s payout ratio is currently -268.04%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NLY shares. StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Thursday. Compass Point initiated coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Finally, Jonestrading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.07.

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.