Oppenheimer & Co. Inc. Grows Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Oppenheimer & Co. Inc. increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 213.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,310 shares of the real estate investment trust's stock after purchasing an additional 38,361 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Annaly Capital Management were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. UMB Bank n.a. increased its position 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 worth $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP purchased a new stake in Annaly Capital Management during the 2nd quarter worth about $36,000. EverSource Wealth Advisors LLC increased its position in Annaly Capital Management by 107.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,076 shares in the last quarter. Toth Financial Advisory Corp increased 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 worth $48,000 after purchasing an additional 576 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its position in Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the subject of several recent analyst reports. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. StockNews.com cut Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Compass Point lifted their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.33.

Annaly Capital Management Stock Up 0.2 %

Shares of NYSE NLY traded up $0.03 during midday trading on Tuesday, hitting $19.75. The stock had a trading volume of 5,046,080 shares, compared to its average volume of 4,226,780. The company has a fifty day moving average price of $19.86 and a 200 day moving average price of $19.85. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of -283.43 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.23 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the prior year, the company earned $0.66 EPS. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.16%. The ex-dividend date was Monday, September 30th. Annaly Capital Management's dividend payout ratio is presently -3,714.29%.

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.