Axxcess Wealth Management LLC Invests $234,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Axxcess Wealth Management LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,783 shares of the real estate investment trust's stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NLY. Proffitt & Goodson Inc. grew its holdings 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. increased its holdings in Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 521 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 549 shares during the period. Larson Financial Group LLC lifted its holdings 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 valued at $39,000 after purchasing an additional 549 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in 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 during the period. 51.56% of the stock is owned by institutional investors.

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Annaly Capital Management Stock Down 1.1 %

NYSE:NLY traded down $0.23 during trading hours on Wednesday, hitting $21.16. 8,240,010 shares of the company's stock traded hands, compared to its average volume of 5,293,745. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The business's fifty day simple moving average is $20.88 and its two-hundred day simple moving average is $20.04. The firm has a market cap of $12.24 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.70 dividend. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.23%. Annaly Capital Management's dividend payout ratio is presently 176.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NLY shares. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. 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 target price on the stock. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management 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.