Stieven Capital Advisors L.P. Takes $2.21 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Stieven Capital Advisors L.P. bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 110,000 shares of the real estate investment trust's stock, valued at approximately $2,208,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NLY. Allspring Global Investments Holdings LLC grew its holdings in Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust's stock worth $361,061,000 after buying an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust's stock worth $19,898,000 after purchasing an additional 828,325 shares in the last quarter. Swedbank AB acquired a new position in shares of Annaly Capital Management during the first quarter valued at $12,781,000. International Assets Investment Management LLC raised its stake in shares of Annaly Capital Management by 2,254.2% during the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust's stock valued at $90,260,000 after purchasing an additional 430,604 shares in the last quarter. Finally, M&G Plc acquired a new stake in Annaly Capital Management in the first quarter worth about $7,941,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.5 %

Shares of Annaly Capital Management stock traded up $0.10 during trading on Friday, hitting $19.69. The stock had a trading volume of 4,679,417 shares, compared to its average volume of 6,130,888. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The stock has a 50 day simple moving average of $19.87 and a 200 day simple moving average of $19.85. The company has a market capitalization of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $0.66 earnings per share. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.20%. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

Analysts Set New Price Targets

A number of research firms have commented on NLY. Compass Point boosted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a research report on Friday, July 26th. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Thursday, October 31st. StockNews.com cut shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.