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

Stieven Capital Advisors L.P. purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 110,000 shares of the real estate investment trust’s stock, valued at approximately $2,208,000.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Annaly Capital Management by 8.1% during 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 acquiring an additional 1,342,056 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock valued at $77,996,000 after purchasing an additional 41,069 shares during the period. Victory Capital Management Inc. boosted its stake in Annaly Capital Management by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after purchasing an additional 138,320 shares during the period. Van ECK Associates Corp boosted its stake in Annaly Capital Management by 19.2% during the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock valued at $37,395,000 after purchasing an additional 308,618 shares during the period. Finally, Cetera Investment Advisers boosted its stake 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 valued at $19,898,000 after purchasing an additional 828,325 shares during the period. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NLY. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Compass Point raised their price objective 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. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Annaly Capital Management Trading Up 0.5 %

Shares of NLY opened at $19.69 on Friday. 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 $19.84. The stock has a market cap of $11.04 billion, a PE ratio of -281.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period in the previous year, the company posted $0.66 earnings per share. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a yield of 13.20%. Annaly Capital Management’s dividend payout ratio is -3,714.29%.

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.