Worldquant Millennium Advisors LLC Purchases 48,961 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Worldquant Millennium Advisors LLC grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 92.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,144 shares of the real estate investment trust's stock after buying an additional 48,961 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Annaly Capital Management were worth $2,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NLY. Avior Wealth Management LLC lifted its stake in Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Annaly Capital Management by 70.2% during 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 purchasing an additional 647 shares during the period. Quarry LP acquired a new position in shares of Annaly Capital Management during the second quarter valued at $36,000. Toth Financial Advisory Corp grew its holdings in Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 576 shares during the period. Finally, Summit Securities Group LLC increased its stake in Annaly Capital Management by 204.9% in the 2nd quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 8,400 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.05 during midday trading on Monday, reaching $19.89. The company's stock had a trading volume of 5,457,998 shares, compared to its average volume of 4,296,017. The company has a market capitalization of $11.15 billion, a P/E ratio of -284.43 and a beta of 1.51. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The business's fifty day simple moving average is $19.65 and its 200-day simple moving average is $19.84.

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 for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.66 EPS. On average, analysts forecast 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 will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio is presently -3,714.29%.

Analyst Ratings Changes

A number of brokerages have commented on NLY. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

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.