Annaly Capital Management, Inc. (NYSE:NLY) Position Boosted by Simplify Asset Management Inc.

Simplify Asset Management Inc. increased its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,302 shares of the real estate investment trust's stock after buying an additional 30,102 shares during the period. Simplify Asset Management Inc.'s holdings in Annaly Capital Management were worth $2,475,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 647 shares during the last quarter. Quarry LP acquired a new position in shares of Annaly Capital Management in the second quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its position in shares of Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 576 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in shares of Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NLY shares. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Compass Point upped their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a research note on Friday, July 26th. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, StockNews.com downgraded shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.33.

Annaly Capital Management Stock Up 0.5 %

Shares of NYSE:NLY traded up $0.10 on Friday, reaching $19.69. 4,668,358 shares of the company's stock were exchanged, compared to its average volume of 4,218,130. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of -281.29 and a beta of 1.52. Annaly Capital Management, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $21.11. The business's 50-day moving average is $19.87 and its two-hundred day moving average is $19.84.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results 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). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the company posted $0.66 earnings per share. Analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a dividend yield of 13.20%. Annaly Capital Management's dividend payout ratio is currently -3,714.29%.

Annaly Capital Management Company Profile

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.