Advisory Services Network LLC Has $3.18 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Advisory Services Network LLC raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,804 shares of the real estate investment trust's stock after buying an additional 37,380 shares during the quarter. Advisory Services Network LLC's holdings in Annaly Capital Management were worth $3,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% in the fourth 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 in the last quarter. Larson Financial Group LLC raised its position in 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 purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock remained flat at $17.96 during mid-day trading on Wednesday. 2,176,329 shares of the stock traded hands, compared to its average volume of 5,904,663. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The firm's 50-day simple moving average is $20.63 and its 200-day simple moving average is $19.87.

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

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 15.59%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management's payout ratio is 176.10%.

Analyst Ratings Changes

Several brokerages have issued reports on NLY. Keefe, Bruyette & Woods cut their price objective on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday. Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus target price of $21.07.

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.