11,897 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,897 shares of the real estate investment trust’s stock, valued at approximately $239,000.

A number of other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Annaly Capital Management by 7.4% in the third 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 period. Clarity Financial LLC bought a new position in shares of Annaly Capital Management during the 3rd quarter worth about $6,687,000. PGGM Investments boosted its position in shares of Annaly Capital Management by 152.0% during the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after acquiring an additional 258,388 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Annaly Capital Management in the second quarter valued at about $478,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Annaly Capital Management by 60.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 95,913 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 36,266 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Up 0.1 %

Annaly Capital Management stock opened at $19.81 on Friday. The company has a market cap of $11.10 billion, a PE ratio of -282.93 and a beta of 1.52. Annaly Capital Management, Inc. has a 1 year low of $17.23 and a 1 year high of $21.11. The company’s 50-day moving average is $19.81 and its two-hundred day moving average is $19.85.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period in the prior year, the firm posted $0.66 EPS. Research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.13%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent research reports. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Compass Point lifted their price objective on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

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.