Cedar Wealth Management LLC lessened its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,715 shares of the real estate investment trust's stock after selling 14,350 shares during the quarter. Cedar Wealth Management LLC's holdings in Annaly Capital Management were worth $269,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of NLY. OneDigital Investment Advisors LLC acquired a new position in Annaly Capital Management in the 3rd quarter worth approximately $239,000. Natixis Advisors LLC boosted its holdings in shares of Annaly Capital Management by 15.4% in the 3rd quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust's stock valued at $971,000 after acquiring an additional 6,469 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Annaly Capital Management in the third quarter worth $309,000. Avior Wealth Management LLC raised its holdings in shares of 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. Finally, Citigroup Inc. lifted its position 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 valued at $13,091,000 after purchasing an additional 120,163 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Stock Performance
Shares of NYSE:NLY traded down $0.08 during midday trading on Thursday, reaching $21.07. 7,369,730 shares of the company's stock traded hands, compared to its average volume of 5,314,070. The company has a market cap of $12.19 billion, a P/E ratio of 13.25, a PEG ratio of 4.89 and a beta of 1.53. The company has a fifty day simple moving average of $20.97 and a two-hundred day simple moving average of $20.06. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Increases Dividend
The company 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 is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 13.29%. The ex-dividend date is Monday, March 31st. Annaly Capital Management's payout ratio is 176.10%.
Analyst Ratings Changes
A number of research firms have weighed in on NLY. 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. 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. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus price target of $21.44.
Get Our Latest Research Report on NLY
Annaly Capital Management Company Profile
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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.
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