Ibex Wealth Advisors Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Ibex Wealth Advisors raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 952.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,154 shares of the real estate investment trust's stock after purchasing an additional 254,432 shares during the period. Ibex Wealth Advisors owned 0.05% of Annaly Capital Management worth $5,145,000 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 raised its position in 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 valued at $10,780,000 after purchasing an additional 48,555 shares during the last quarter. Citigroup Inc. raised its position in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after purchasing an additional 120,163 shares during the last quarter. Howard Financial Services LTD. purchased a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $527,000. SG Americas Securities LLC grew its holdings in shares of Annaly Capital Management by 38.4% during the 4th quarter. SG Americas Securities LLC now owns 367,234 shares of the real estate investment trust's stock worth $6,720,000 after acquiring an additional 101,977 shares during the period. Finally, Invst LLC purchased a new position in shares of Annaly Capital Management during the 3rd quarter worth approximately $741,000. Institutional investors own 51.56% of the company's stock.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of research analyst reports. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target on the stock. Royal Bank of Canada upped their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Monday. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.22.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded up $0.66 during midday trading on Thursday, hitting $20.42. 10,825,915 shares of the stock traded hands, compared to its average volume of 6,569,518. The firm has a 50-day moving average of $19.26 and a two-hundred day moving average of $19.70. The firm has a market capitalization of $11.45 billion, a P/E ratio of -291.69 and a beta of 1.51. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11.

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 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.73%. Annaly Capital Management's dividend payout ratio is currently -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.