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

Stieven Capital Advisors L.P. acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 have also modified their holdings of NLY. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 valued at $361,061,000 after purchasing an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers lifted its position in Annaly Capital Management by 454.6% during the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock worth $19,898,000 after acquiring an additional 828,325 shares in the last quarter. Swedbank AB acquired a new position in Annaly Capital Management during the 1st quarter worth approximately $12,781,000. International Assets Investment Management LLC lifted its position in Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after acquiring an additional 430,604 shares in the last quarter. Finally, M&G Plc acquired a new position in Annaly Capital Management during the 1st quarter worth approximately $7,941,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.5 %

Shares of Annaly Capital Management stock opened at $19.69 on Friday. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of -281.29 and a beta of 1.52. The business has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $19.84. Annaly Capital Management, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations 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 company earned $0.66 earnings per share. Analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Compass Point boosted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Annaly Capital Management 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.