ORG Wealth Partners LLC Raises Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

ORG Wealth Partners LLC increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 5,113.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 788,336 shares of the real estate investment trust's stock after buying an additional 773,215 shares during the quarter. Annaly Capital Management accounts for about 5.1% of ORG Wealth Partners LLC's portfolio, making the stock its 3rd biggest holding. ORG Wealth Partners LLC owned about 0.14% of Annaly Capital Management worth $14,427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after buying an additional 48,555 shares during the last quarter. Citigroup Inc. raised its holdings in Annaly Capital Management by 22.6% during the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after acquiring an additional 120,163 shares in the last quarter. Invst LLC acquired a new position in Annaly Capital Management during the third quarter valued at approximately $741,000. Confluence Investment Management LLC bought a new position in Annaly Capital Management in the fourth quarter valued at approximately $1,110,000. Finally, Geode Capital Management LLC grew its stake in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock valued at $172,988,000 after purchasing an additional 241,465 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NLY shares. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on shares of 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. Barclays started coverage on shares of Annaly Capital Management in a report on Monday. They issued an "equal weight" rating and a $19.00 target price on the stock. Finally, Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus price target of $21.22.

Annaly Capital Management Trading Down 2.1 %

NLY stock traded down $0.38 during mid-day trading on Friday, hitting $18.13. 7,025,363 shares of the company were exchanged, compared to its average volume of 6,803,334. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The stock has a market capitalization of $10.16 billion, a PE ratio of -259.00 and a beta of 1.51. The business has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $19.72.

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

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 14.34%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is -3,714.29%.

About Annaly Capital Management

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.