Stifel Financial Corp Purchases 45,843 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Stifel Financial Corp boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 17.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,891 shares of the real estate investment trust's stock after purchasing an additional 45,843 shares during the period. Stifel Financial Corp owned about 0.05% of Annaly Capital Management worth $6,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% during 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. UMB Bank n.a. raised 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 valued at $31,000 after purchasing an additional 647 shares during the last quarter. Quarry LP bought a new position in Annaly Capital Management during the 2nd quarter valued at approximately $36,000. Toth Financial Advisory Corp lifted its holdings in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after buying an additional 576 shares during the period. Finally, Summit Securities Group LLC grew its position in shares of Annaly Capital Management by 204.9% in the 2nd quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust's stock worth $82,000 after buying an additional 8,400 shares during the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Up 0.1 %

NYSE NLY traded up $0.02 during trading hours on Friday, hitting $19.78. 5,760,361 shares of the company were exchanged, compared to its average volume of 4,313,103. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The stock has a 50-day moving average price of $19.65 and a 200 day moving average price of $19.84. The stock has a market cap of $11.09 billion, a PE ratio of -282.57 and a beta of 1.51.

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 the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NLY shares. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Two 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, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $21.50.

Annaly Capital Management 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.