28,823 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,823 shares of the real estate investment trust's stock, valued at approximately $527,000.

A number of other institutional investors have also made changes to their positions in NLY. Wellington Management Group LLP increased its holdings in Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock valued at $10,780,000 after purchasing an additional 48,555 shares during the last quarter. Citigroup Inc. increased its stake in shares of Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Invst LLC acquired a new stake in shares of Annaly Capital Management in the 3rd quarter valued at approximately $741,000. Confluence Investment Management LLC bought a new stake in Annaly Capital Management in the fourth quarter valued at approximately $1,110,000. Finally, ORG Wealth Partners LLC raised its holdings in Annaly Capital Management by 5,113.5% in the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust's stock worth $14,427,000 after purchasing an additional 773,215 shares during the period. 51.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NLY. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $21.22.

Annaly Capital Management Stock Up 0.8 %

NLY stock traded up $0.15 during midday trading on Friday, hitting $19.31. The company's stock had a trading volume of 4,639,567 shares, compared to its average volume of 7,181,294. The company's fifty day moving average price is $19.27 and its 200 day moving average price is $19.68. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.47%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is currently -3,714.29%.

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.