Wealthfront Advisers LLC cut its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,203 shares of the real estate investment trust's stock after selling 16,207 shares during the quarter. Wealthfront Advisers LLC's holdings in Annaly Capital Management were worth $278,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in 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 worth $25,000 after purchasing an additional 850 shares during the last quarter. Blue Trust Inc. increased its position in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares in the last quarter. Assetmark Inc. purchased a new position in Annaly Capital Management during the fourth quarter worth $31,000. Larson Financial Group LLC increased its position in Annaly Capital Management by 34.4% during the fourth 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 buying an additional 549 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on NLY. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.
Get Our Latest Research Report on Annaly Capital Management
Annaly Capital Management Stock Performance
Annaly Capital Management stock traded down $0.07 during midday trading on Friday, reaching $21.70. The stock had a trading volume of 12,555,123 shares, compared to its average volume of 5,246,994. 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 capitalization of $12.55 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The stock's 50-day simple moving average is $20.68 and its 200 day simple moving average is $20.01.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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 return on equity of 14.95% and a net margin of 20.70%. Equities analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 176.10%.
Annaly Capital Management Profile
(
Free Report)
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.
Further Reading
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
