Transcend Capital Advisors LLC Has $1.38 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Transcend Capital Advisors LLC grew its position in Annaly Capital Management, Inc. (NYSE:NLY) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,511 shares of the real estate investment trust’s stock after purchasing an additional 8,709 shares during the period. Transcend Capital Advisors LLC’s holdings in Annaly Capital Management were worth $1,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dupree Financial Group LLC acquired a new position in Annaly Capital Management during the fourth quarter worth $9,222,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Annaly Capital Management by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock valued at $3,092,000 after acquiring an additional 4,079 shares in the last quarter. Natixis lifted its holdings in Annaly Capital Management by 16,140.0% in the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 67,788 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Annaly Capital Management in the 4th quarter worth approximately $2,721,000. Finally, Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $110,244,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Janney Montgomery Scott began coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Compass Point increased their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Annaly Capital Management Stock Down 1.5 %

Annaly Capital Management stock traded down $0.30 during trading hours on Monday, hitting $19.46. The stock had a trading volume of 3,212,986 shares, compared to its average volume of 3,588,018. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The company has a market cap of $9.75 billion, a PE ratio of -20.37 and a beta of 1.53. The company has a 50-day moving average of $19.76 and a two-hundred day moving average of $19.43.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend was Friday, June 28th. Annaly Capital Management’s payout ratio is -268.04%.

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.