Prospect Financial Services LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Prospect Financial Services LLC acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,708 shares of the real estate investment trust’s stock, valued at approximately $227,000.

A number of other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Annaly Capital Management by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,170,965 shares of the real estate investment trust’s stock worth $332,602,000 after buying an additional 300,457 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after buying an additional 3,762,652 shares in the last quarter. Norges Bank acquired a new position in shares of Annaly Capital Management in the 4th quarter worth approximately $110,244,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Annaly Capital Management by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,137,529 shares of the real estate investment trust’s stock worth $60,774,000 after buying an additional 116,102 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Annaly Capital Management by 14.4% in the 3rd quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock worth $40,324,000 after buying an additional 269,758 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE NLY traded up $0.07 during midday trading on Friday, hitting $20.22. The stock had a trading volume of 2,082,581 shares, compared to its average volume of 3,390,315. The company’s 50-day simple moving average is $19.32 and its 200 day simple moving average is $19.27. The firm has a market cap of $10.12 billion, a P/E ratio of -20.85 and a beta of 1.53. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. During the same period last year, the firm earned $0.81 EPS. Equities analysts expect that Annaly Capital Management, Inc. will post 2.64 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.65 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.60 annualized dividend and a dividend yield of 12.86%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jonestrading reissued a “buy” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a report on Wednesday, March 27th. Compass Point began coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target for the company. Finally, Janney Montgomery Scott began coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.07.

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.