Advisors Asset Management Inc. Cuts Position in Annaly Capital Management, Inc. (NYSE:NLY)

Advisors Asset Management Inc. trimmed its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 351,332 shares of the real estate investment trust's stock after selling 98,265 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of Annaly Capital Management worth $6,429,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NLY. Avior Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. Assetmark Inc. purchased a new stake in Annaly Capital Management during the 4th quarter valued at $31,000. Blue Trust Inc. lifted its holdings in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the period. Larson Financial Group LLC boosted its stake in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Annaly Capital Management Stock Down 0.3 %

NLY stock traded down $0.07 during trading on Friday, reaching $21.70. The company's stock had a trading volume of 12,576,229 shares, compared to its average volume of 5,260,677. The company's fifty day moving average is $20.75 and its 200-day moving average is $20.02. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11. The company has a market capitalization of $12.55 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is 176.10%.

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.