Evoke Wealth LLC decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 48.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,535 shares of the real estate investment trust's stock after selling 89,352 shares during the quarter. Evoke Wealth LLC's holdings in Annaly Capital Management were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the stock. Avior Wealth Management LLC grew its position in shares of 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 valued at $25,000 after purchasing an additional 850 shares in the last quarter. Blue Trust Inc. boosted its stake in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the period. Assetmark Inc. purchased a new position in Annaly Capital Management during the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its position in shares of 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 buying an additional 549 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Annaly Capital Management by 29.3% in 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. Hedge funds and other institutional investors own 51.56% of the company's stock.
Annaly Capital Management Trading Down 0.3 %
NYSE NLY traded down $0.07 on Friday, hitting $21.70. The company's stock had a trading volume of 12,576,229 shares, compared to its average volume of 5,260,677. The firm has a market cap of $12.55 billion, a P/E ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.11. The company's 50-day simple moving average is $20.75 and its 200 day simple moving average is $20.02.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results 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%. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. Annaly Capital Management's payout ratio is presently 176.10%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus price target of $21.44.
View Our Latest Report 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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