Atom Investors LP Purchases Shares of 102,511 Annaly Capital Management, Inc. (NYSE:NLY)

Atom Investors LP bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 102,511 shares of the real estate investment trust's stock, valued at approximately $2,057,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NLY. Citigroup Inc. raised its stake in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after purchasing an additional 120,163 shares during the period. Victory Capital Management Inc. increased its stake in shares of 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 during the last quarter. Clarity Financial LLC bought a new stake in shares of Annaly Capital Management in the 3rd quarter worth approximately $6,687,000. PGGM Investments lifted its stake in Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust's stock valued at $8,165,000 after purchasing an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Annaly Capital Management during the second quarter valued at $478,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 1.0 %

NYSE:NLY traded down $0.19 during trading hours on Tuesday, hitting $19.73. 1,045,532 shares of the company's stock traded hands, compared to its average volume of 4,284,872. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The business's fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $19.85. The firm has a market cap of $11.06 billion, a P/E ratio of -282.43 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) 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 the consensus estimate of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter last year, the business posted $0.66 EPS. On average, analysts expect that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed 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. This represents a $2.60 annualized dividend and a dividend yield of 13.18%. The ex-dividend date was Monday, September 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently -3,714.29%.

Wall Street Analyst Weigh In

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

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.