Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC lifted its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,433 shares of the real estate investment trust's stock after acquiring an additional 17,814 shares during the period. Prevail Innovative Wealth Advisors LLC's holdings in Annaly Capital Management were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Proffitt & Goodson Inc. lifted its position in Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after purchasing an additional 505 shares during the period. LVZ Inc. grew its position in shares of Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 521 shares during the period. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 549 shares during the period. Larson Financial Group LLC boosted its holdings 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 buying an additional 549 shares during the last quarter. Finally, Armstrong Advisory Group Inc. increased its position in shares of Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust's stock worth $167,000 after purchasing an additional 562 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

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Analysts Set New Price Targets

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

Annaly Capital Management Stock Down 1.9 %

Shares of NLY traded down $0.38 during trading on Thursday, reaching $19.74. 6,158,343 shares of the company traded hands, compared to its average volume of 5,546,659. The stock has a 50-day simple moving average of $21.04 and a 200-day simple moving average of $20.05. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The stock has a market cap of $11.42 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping 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%. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 14.18%. The ex-dividend date is Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is currently 176.10%.

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.