BridgePort Financial Solutions LLC Takes $616,000 Position in Annaly Capital Management Inc $NLY

BridgePort Financial Solutions LLC bought a new position in shares of Annaly Capital Management Inc (NYSE:NLY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,473 shares of the real estate investment trust’s stock, valued at approximately $616,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Annaly Capital Management by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares during the period. State Street Corp increased its holdings in shares of Annaly Capital Management by 2.8% in the second quarter. State Street Corp now owns 22,683,988 shares of the real estate investment trust’s stock valued at $442,136,000 after purchasing an additional 611,817 shares during the period. Geode Capital Management LLC raised its stake in shares of Annaly Capital Management by 6.8% during the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock worth $280,535,000 after purchasing an additional 949,260 shares during the last quarter. Norges Bank purchased a new stake in shares of Annaly Capital Management during the second quarter worth approximately $130,626,000. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of Annaly Capital Management by 33.3% during the second quarter. Brandywine Global Investment Management LLC now owns 4,328,606 shares of the real estate investment trust’s stock worth $81,464,000 after purchasing an additional 1,081,482 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.9%

Shares of NLY opened at $22.64 on Tuesday. Annaly Capital Management Inc has a twelve month low of $16.59 and a twelve month high of $24.52. The firm has a market capitalization of $15.46 billion, a P/E ratio of 8.14, a PEG ratio of 7.09 and a beta of 1.24. The firm’s 50-day moving average is $23.08 and its two-hundred day moving average is $21.88.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Analysts predict that Annaly Capital Management Inc will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s payout ratio is presently 100.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Jones Trading increased their price target on shares of Annaly Capital Management from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada lifted their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $24.11.

About Annaly Capital Management

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.