Rareview Capital LLC bought a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,345 shares of the real estate investment trust's stock, valued at approximately $950,000.
Several other hedge funds have also recently made changes to their positions in the business. Stratos Wealth Advisors LLC raised its stake in shares of Annaly Capital Management by 93.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock worth $5,043,000 after purchasing an additional 132,891 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after purchasing an additional 48,555 shares in the last quarter. Citigroup Inc. raised its position in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after purchasing an additional 120,163 shares during the period. Howard Financial Services LTD. bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $527,000. Finally, Tandem Financial LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter worth $327,000. 51.56% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on NLY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.44.
Read Our Latest Stock Analysis on NLY
Annaly Capital Management Price Performance
Shares of NYSE NLY traded down $0.13 during mid-day trading on Wednesday, hitting $21.79. The company had a trading volume of 6,826,201 shares, compared to its average volume of 5,203,134. The company has a market capitalization of $12.60 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11. The business's 50-day simple moving average is $20.55 and its 200 day simple moving average is $19.99.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Increases Dividend
The business 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.85%. The ex-dividend date is Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is 176.10%.
About Annaly Capital Management
(
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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