Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 10.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,197 shares of the real estate investment trust’s stock after purchasing an additional 6,218 shares during the quarter. ClearAlpha Technologies LP’s holdings in Annaly Capital Management were worth $1,349,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in Annaly Capital Management by 22.6% in the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock valued at $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Victory Capital Management Inc. increased its position in Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after purchasing an additional 138,320 shares in the last quarter. Clarity Financial LLC purchased a new position in Annaly Capital Management in the third quarter valued at approximately $6,687,000. PGGM Investments lifted its position in Annaly Capital Management by 152.0% during the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after buying an additional 258,388 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in Annaly Capital Management during the second quarter worth approximately $478,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NLY shares. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Price Performance

NLY stock opened at $19.93 on Monday. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of -284.71 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The firm has a fifty day moving average price of $19.72 and a two-hundred day moving average price of $19.85.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the prior year, the company earned $0.66 EPS. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.05%. The ex-dividend date was Monday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

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.