Proficio Capital Partners LLC Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Proficio Capital Partners LLC purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,253 shares of the real estate investment trust's stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Avior Wealth Management LLC grew its holdings in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 850 shares during the period. Blue Trust Inc. lifted its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,030 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Annaly Capital Management in the 4th quarter valued at about $50,000. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Annaly Capital Management Stock Up 2.5 %

Shares of NLY traded up $0.53 during trading on Friday, reaching $21.63. The company's stock had a trading volume of 6,237,590 shares, compared to its average volume of 7,628,646. The company has a fifty day moving average of $20.31 and a two-hundred day moving average of $19.94. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted 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 return on equity of 14.95% and a net margin of 20.70%. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 12.94%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's dividend payout ratio is currently 163.52%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NLY. Barclays began coverage on 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. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.44.

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.