Optimal Asset Management Inc. Decreases Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Optimal Asset Management Inc. lowered its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 37.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 109,668 shares of the real estate investment trust’s stock after selling 66,871 shares during the quarter. Optimal Asset Management Inc.’s holdings in Annaly Capital Management were worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co increased its position in shares of Annaly Capital Management by 1.1% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 100,874 shares of the real estate investment trust’s stock valued at $868,000 after purchasing an additional 1,135 shares during the last quarter. United Asset Strategies Inc. increased its position in shares of Annaly Capital Management by 1.3% during the 1st quarter. United Asset Strategies Inc. now owns 87,451 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 1,138 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in Annaly Capital Management by 8.3% in the 1st quarter. Tradition Wealth Management LLC now owns 16,088 shares of the real estate investment trust’s stock worth $138,000 after acquiring an additional 1,231 shares in the last quarter. Virginia Retirement Systems ET AL increased its holdings in Annaly Capital Management by 0.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 231,500 shares of the real estate investment trust’s stock worth $1,991,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Annaly Capital Management by 5.7% in the 1st quarter. Stephens Inc. AR now owns 24,334 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 1,323 shares in the last quarter. 41.18% of the stock is owned by hedge funds and other institutional investors.

Shares of NLY opened at $8.60 on Thursday. The company has a market capitalization of $12.03 billion, a P/E ratio of 7.25, a PEG ratio of 1.58 and a beta of 1.24. The stock has a fifty day moving average of $9.08. Annaly Capital Management, Inc. has a 52-week low of $6.92 and a 52-week high of $9.64.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Annaly Capital Management had a return on equity of 14.15% and a net margin of 184.57%. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts predict that Annaly Capital Management, Inc. will post 1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Wednesday, June 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date is Tuesday, June 29th. Annaly Capital Management’s payout ratio is currently 80.00%.

NLY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded Annaly Capital Management from an “outperform” rating to a “market perform” rating and set a $9.50 price target for the company. in a research note on Sunday, June 6th. Zacks Investment Research downgraded Annaly Capital Management from a “hold” rating to a “sell” rating and set a $9.50 price target for the company. in a research note on Saturday, May 1st. TheStreet upgraded Annaly Capital Management from a “c” rating to a “b-” rating in a research report on Thursday, April 29th. BTIG Research reiterated a “neutral” rating on shares of Annaly Capital Management in a research report on Tuesday, April 27th. Finally, JMP Securities increased their target price on Annaly Capital Management from $9.75 to $10.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $9.06.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

Recommended Story: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE:NLY).

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.