Strategic Financial Concepts LLC Invests $294,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Strategic Financial Concepts LLC purchased a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,049 shares of the real estate investment trust's stock, valued at approximately $294,000.

Several other institutional investors have also modified their holdings of the business. Principal Securities Inc. lifted its stake in shares of Annaly Capital Management by 2.8% in the fourth quarter. Principal Securities Inc. now owns 53,993 shares of the real estate investment trust's stock worth $988,000 after acquiring an additional 1,451 shares in the last quarter. Compass Financial Group INC SD raised its stake in Annaly Capital Management by 0.5% during the fourth quarter. Compass Financial Group INC SD now owns 157,377 shares of the real estate investment trust's stock valued at $2,880,000 after buying an additional 728 shares in the last quarter. Rhumbline Advisers raised its stake in Annaly Capital Management by 11.3% during the fourth quarter. Rhumbline Advisers now owns 1,595,210 shares of the real estate investment trust's stock valued at $29,192,000 after buying an additional 162,544 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in Annaly Capital Management by 10.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 115,325 shares of the real estate investment trust's stock valued at $2,110,000 after buying an additional 10,600 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in Annaly Capital Management by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 429,975 shares of the real estate investment trust's stock valued at $7,869,000 after buying an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on NLY. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a report on Thursday, October 31st. Finally, Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

Annaly Capital Management Stock Down 0.4 %

NYSE NLY traded down $0.10 on Friday, reaching $21.64. 14,278,179 shares of the stock traded hands, compared to its average volume of 6,993,048. The firm's fifty day simple moving average is $19.59 and its 200 day simple moving average is $19.78. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 4.85 and a beta of 1.52. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.88.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management's payout ratio is currently 163.52%.

Annaly Capital Management Company 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.