Raymond James Financial Inc. Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Raymond James Financial Inc. acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 692,663 shares of the real estate investment trust's stock, valued at approximately $12,676,000. Raymond James Financial Inc. owned about 0.12% of Annaly Capital Management as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position 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 purchasing an additional 850 shares during the last quarter. Assetmark Inc. bought a new stake in Annaly Capital Management in the 4th quarter valued at about $31,000. Blue Trust Inc. lifted its position in 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in 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 during the last quarter. 51.56% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have commented on NLY. JPMorgan Chase & Co. raised their target price 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 reissued an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Finally, JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

Annaly Capital Management Price Performance

Shares of NLY traded down $0.07 during mid-day trading on Friday, hitting $21.70. The company's stock had a trading volume of 12,576,229 shares, compared to its average volume of 5,260,677. The firm has a 50-day moving average price of $20.75 and a 200 day moving average price of $20.02. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53. 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 announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.91%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently 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.