Newbridge Financial Services Group Inc. Makes New $706,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Newbridge Financial Services Group Inc. bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,565 shares of the real estate investment trust's stock, valued at approximately $706,000.

Several other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its position in shares of 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 worth $167,000 after purchasing an additional 562 shares in the last quarter. Fermata Advisors LLC grew its position in Annaly Capital Management by 3.2% during the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust's stock worth $330,000 after buying an additional 563 shares in the last quarter. Toth Financial Advisory Corp increased its stake 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 worth $48,000 after acquiring an additional 576 shares during the period. Wesbanco Bank Inc. raised its holdings in Annaly Capital Management by 2.8% in 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 in the last quarter. Finally, KG&L Capital Management LLC lifted its position in shares of Annaly Capital Management by 2.0% during the 4th quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust's stock valued at $561,000 after acquiring an additional 600 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Annaly Capital Management Trading Down 0.3 %

Shares of NLY stock traded down $0.07 during mid-day trading on Wednesday, reaching $20.69. 7,355,704 shares of the stock traded hands, compared to its average volume of 6,636,655. The stock's fifty day simple moving average is $19.41 and its two-hundred day simple moving average is $19.72. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 4.66 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 (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.57%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's payout ratio is presently 163.52%.

About Annaly Capital Management

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.