HighTower Advisors LLC Grows Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

HighTower Advisors LLC boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 87.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,874 shares of the real estate investment trust's stock after buying an additional 60,995 shares during the quarter. HighTower Advisors LLC's holdings in Annaly Capital Management were worth $2,395,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. OneDigital Investment Advisors LLC acquired a new stake in Annaly Capital Management during the 3rd quarter worth approximately $239,000. Natixis Advisors LLC increased its position in shares of Annaly Capital Management by 15.4% in the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 6,469 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Annaly Capital Management during the third quarter worth about $309,000. Avior Wealth Management LLC grew its stake in 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 buying an additional 850 shares in the last quarter. Finally, Citigroup Inc. grew its stake 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 worth $13,091,000 after buying an additional 120,163 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NLY shares. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased 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, January 31st. Royal Bank of Canada reaffirmed 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, Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded down $0.23 during midday trading on Wednesday, reaching $21.16. The company had a trading volume of 8,236,185 shares, compared to its average volume of 5,293,731. The firm has a market cap of $12.24 billion, a PE ratio of 13.31, a P/E/G ratio of 4.89 and a beta of 1.53. The stock has a fifty day moving average price of $20.88 and a 200 day moving average price of $20.04. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.70 dividend. 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. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is currently 176.10%.

Annaly Capital Management Company 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.