Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,637 shares of the real estate investment trust's stock after purchasing an additional 41,089 shares during the period. Sequoia Financial Advisors LLC's holdings in Annaly Capital Management were worth $4,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in Annaly Capital Management by 87.3% in the fourth quarter. HighTower Advisors LLC now owns 130,874 shares of the real estate investment trust's stock valued at $2,395,000 after buying an additional 60,995 shares during the last quarter. Vista Investment Partners II LLC acquired a new position in shares of Annaly Capital Management during the fourth quarter valued at about $488,000. Independent Advisor Alliance raised its position in shares of Annaly Capital Management by 64.3% in the 4th quarter. Independent Advisor Alliance now owns 31,351 shares of the real estate investment trust's stock valued at $574,000 after purchasing an additional 12,267 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Annaly Capital Management by 11.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 41,813 shares of the real estate investment trust's stock worth $765,000 after purchasing an additional 4,400 shares in the last quarter. Finally, SLT Holdings LLC acquired a new position in Annaly Capital Management during the 4th quarter valued at approximately $183,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.44.

Annaly Capital Management Stock Up 1.1 %

Shares of NYSE NLY traded up $0.24 during midday trading on Monday, reaching $21.85. 6,570,332 shares of the stock were exchanged, compared to its average volume of 7,607,544. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 4.89 and a beta of 1.53. The firm has a 50-day simple moving average of $20.42 and a two-hundred day simple moving average of $19.96. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 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%. Research analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.82%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 163.52%.

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.