Summit Securities Group LLC Has $108,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Summit Securities Group LLC reduced its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 88.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,900 shares of the real estate investment trust's stock after selling 43,900 shares during the period. Summit Securities Group LLC's holdings in Annaly Capital Management were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Annaly Capital Management by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after purchasing an additional 109,655 shares in the last quarter. State Street Corp raised its stake in shares of Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock worth $360,296,000 after purchasing an additional 223,294 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock valued at $172,988,000 after buying an additional 241,465 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Annaly Capital Management in the fourth quarter valued at $127,397,000. 51.56% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped 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, Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.44.

Annaly Capital Management Price Performance

NYSE NLY traded down $0.26 on Thursday, reaching $19.86. The stock had a trading volume of 5,149,983 shares, compared to its average volume of 7,719,203. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11. The company has a market cap of $11.49 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. The firm has a fifty day moving average of $21.04 and a two-hundred day moving average of $20.05.

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 earnings per share 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%. Research analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal 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. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.10%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. 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.