Foundations Investment Advisors LLC Invests $408,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Foundations Investment Advisors LLC acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,292 shares of the real estate investment trust's stock, valued at approximately $408,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. lifted its position in Annaly Capital Management by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust's stock valued at $167,000 after acquiring an additional 562 shares during the period. Fermata Advisors LLC lifted its position in Annaly Capital Management by 3.2% during the 4th quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust's stock valued at $330,000 after acquiring an additional 563 shares during the period. Toth Financial Advisory Corp lifted its position in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 576 shares during the period. Wesbanco Bank Inc. lifted its position in Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust's stock valued at $428,000 after acquiring an additional 584 shares during the period. Finally, UMB Bank n.a. increased its stake in Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 647 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NLY. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective 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. Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $21.44.

Annaly Capital Management Price Performance

Shares of NLY stock traded down $0.18 during mid-day trading on Monday, hitting $20.23. The company had a trading volume of 8,104,477 shares, compared to its average volume of 6,778,220. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The stock's 50 day moving average price is $19.29 and its 200-day moving average price is $19.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The company has a market capitalization of $11.34 billion, a P/E ratio of 12.72 and a beta of 1.52.

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 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.72 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.85%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's dividend payout ratio is presently 163.52%.

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.