QRG Capital Management Inc. Buys 71,080 Shares of Annaly Capital Management Inc $NLY

QRG Capital Management Inc. raised its stake in Annaly Capital Management Inc (NYSE:NLY) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,771 shares of the real estate investment trust’s stock after acquiring an additional 71,080 shares during the quarter. QRG Capital Management Inc.’s holdings in Annaly Capital Management were worth $7,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in shares of Annaly Capital Management by 1.8% during the third quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 481 shares during the last quarter. MCF Advisors LLC raised its position in Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 524 shares in the last quarter. Jupiter Wealth Management LLC lifted its holdings in Annaly Capital Management by 3.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 551 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Annaly Capital Management by 23.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,859 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 552 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $22.40 on Wednesday. The firm’s 50 day moving average price is $22.18 and its two-hundred day moving average price is $22.41. Annaly Capital Management Inc has a 52-week low of $18.43 and a 52-week high of $24.52. The stock has a market cap of $16.41 billion, a PE ratio of 7.57, a PEG ratio of 6.82 and a beta of 1.20.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. As a group, sell-side analysts predict that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is currently 94.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NLY shares. Royal Bank Of Canada lifted their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Barclays set a $24.00 price target on Annaly Capital Management and gave the company an “equal weight” rating in a research note on Friday, January 30th. BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, January 6th. Wells Fargo & Company reissued an “overweight” rating and set a $25.00 price objective (up from $23.00) on shares of Annaly Capital Management in a report on Thursday, January 29th. Finally, JonesTrading restated a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.22.

Insider Activity

In other Annaly Capital Management news, COO Steven Francis Campbell sold 28,225 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.12, for a total value of $652,562.00. Following the transaction, the chief operating officer owned 204,491 shares of the company’s stock, valued at approximately $4,727,831.92. This represents a 12.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Serena Wolfe sold 16,536 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total value of $382,643.04. Following the transaction, the chief financial officer owned 173,081 shares in the company, valued at approximately $4,005,094.34. This trade represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 71,252 shares of company stock worth $1,639,995 in the last three months. Insiders own 0.22% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.