Fox Run Management L.L.C. reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 34.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,960 shares of the real estate investment trust's stock after selling 27,228 shares during the period. Fox Run Management L.L.C.'s holdings in Annaly Capital Management were worth $969,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings 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 during the last quarter. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% during 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 last quarter. Assetmark Inc. bought a new stake in Annaly Capital Management in the 4th quarter valued at $31,000. Larson Financial Group LLC increased its holdings in shares of Annaly Capital Management by 34.4% in 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, Smartleaf Asset Management LLC grew its position 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 valued at $45,000 after purchasing an additional 549 shares during the last quarter. 51.56% of the stock is owned by institutional investors.
Annaly Capital Management Price Performance
NYSE:NLY traded down $0.08 on Thursday, reaching $21.07. 7,369,730 shares of the company's stock were exchanged, compared to its average volume of 5,314,070. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The stock has a fifty day simple moving average of $20.93 and a 200-day simple moving average of $20.05. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 13.25, 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 data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, sell-side analysts predict 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. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 13.29%. Annaly Capital Management's dividend payout ratio (DPR) is 176.10%.
Wall Street Analyst Weigh In
NLY has been the subject of several analyst reports. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays started 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 for the company. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus price target of $21.44.
Check Out Our Latest Report on Annaly Capital Management
Annaly Capital Management Company Profile
(
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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