Commonwealth Equity Services LLC boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 376,720 shares of the real estate investment trust's stock after buying an additional 23,350 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Annaly Capital Management worth $6,894,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in Annaly Capital Management by 209.9% in 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 period. Blue Trust Inc. boosted its holdings in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares during the last quarter. Assetmark Inc. acquired a new stake in Annaly Capital Management during the 4th quarter worth $31,000. Larson Financial Group LLC increased its stake in shares of 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 valued at $39,000 after acquiring an additional 549 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Annaly Capital Management by 29.3% during the 4th 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 during the period. Institutional investors own 51.56% of the company's stock.
Annaly Capital Management Stock Down 1.1 %
NYSE:NLY traded down $0.23 during trading hours on Wednesday, hitting $21.16. 8,238,362 shares of the company traded hands, compared to its average volume of 5,293,736. The company has a market cap of $12.24 billion, a PE ratio of 13.31, a PEG ratio of 4.89 and a beta of 1.53. The firm's 50-day simple moving average is $20.88 and its 200-day simple moving average is $20.04. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11.
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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts expect 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. Investors of record on Monday, March 31st will be paid a dividend of $0.70 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date is Monday, March 31st. Annaly Capital Management's dividend payout ratio is presently 176.10%.
Analyst Ratings Changes
A number of analysts have recently issued reports on NLY shares. JPMorgan Chase & Co. lifted their price objective on shares of 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 reiterated an "outperform" rating and issued a $22.00 price target 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 issued an "equal weight" rating and a $19.00 target price on the stock. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.44.
Check Out Our Latest Analysis on Annaly Capital Management
About Annaly Capital Management
(
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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