Elkfork Partners LLC Acquires New Holdings in Annaly Capital Management (NYSE:NLY)

Elkfork Partners LLC acquired a new stake in Annaly Capital Management (NYSE:NLY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,744 shares of the real estate investment trust’s stock, valued at approximately $282,000.

Other institutional investors have also made changes to their positions in the company. Barings LLC bought a new stake in shares of Annaly Capital Management in the third quarter worth about $548,000. White Lighthouse Investment Management Inc. bought a new stake in shares of Annaly Capital Management in the fourth quarter worth about $960,000. Smith Moore & CO. bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $135,000. Public Employees Retirement System of Ohio increased its stake in Annaly Capital Management by 5.9% during the third quarter. Public Employees Retirement System of Ohio now owns 450,742 shares of the real estate investment trust’s stock worth $5,495,000 after acquiring an additional 25,161 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Annaly Capital Management by 49.1% during the fourth quarter. Toronto Dominion Bank now owns 67,957 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 22,386 shares during the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

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NLY opened at $10.28 on Thursday. The company has a market cap of $11,944.12, a PE ratio of 8.43, a price-to-earnings-growth ratio of 7.22 and a beta of 0.02. Annaly Capital Management has a one year low of $10.00 and a one year high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.23.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $426.71 million for the quarter, compared to analysts’ expectations of $370.80 million. Annaly Capital Management had a return on equity of 11.66% and a net margin of 72.18%. The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. equities research analysts predict that Annaly Capital Management will post 1.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.67%. Annaly Capital Management’s payout ratio is 98.36%.

Several equities research analysts have weighed in on NLY shares. Bank of America raised Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Compass Point raised Annaly Capital Management from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 13th. Zacks Investment Research cut Annaly Capital Management from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Annaly Capital Management in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Annaly Capital Management presently has an average rating of “Hold” and a consensus target price of $12.63.

In other news, insider Anthony C. Green purchased 23,250 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of $10.42 per share, for a total transaction of $242,265.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is currently owned by insiders.

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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.

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

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