Confluence Investment Management LLC Makes New $2.67 Million Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Confluence Investment Management LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLYFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 135,648 shares of the real estate investment trust’s stock, valued at approximately $2,671,000.

Other large investors also recently added to or reduced their stakes in the company. Core Wealth Advisors Inc. lifted its stake in shares of Annaly Capital Management by 222.2% in the fourth 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. GAMMA Investing LLC acquired a new position in Annaly Capital Management during the 4th quarter valued at $33,000. First United Bank & Trust acquired a new position in Annaly Capital Management during the 4th quarter valued at $33,000. Central Bank & Trust Co. acquired a new position in Annaly Capital Management during the 4th quarter valued at $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in Annaly Capital Management by 470.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,403 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,982 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Jonestrading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.07.

View Our Latest Research Report on NLY

Annaly Capital Management Stock Down 0.8 %

Shares of NLY traded down $0.17 during midday trading on Tuesday, reaching $19.94. 1,231,749 shares of the stock were exchanged, compared to its average volume of 3,370,827. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The company has a market cap of $9.98 billion, a P/E ratio of -20.73 and a beta of 1.53. The stock’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $19.33.

Annaly Capital Management (NYSE:NLYGet Free Report) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The company 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 quarter last year, the firm earned $0.81 earnings per share. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.04%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

About Annaly Capital Management

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.