Tallon Kerry Patrick Takes $671,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Tallon Kerry Patrick bought a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 36,509 shares of the real estate investment trust's stock, valued at approximately $671,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock valued at $10,780,000 after acquiring an additional 48,555 shares in the last quarter. Citigroup Inc. lifted its holdings in Annaly Capital Management by 22.6% in 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 in the last quarter. Invst LLC purchased a new position in Annaly Capital Management in the 3rd quarter valued at about $741,000. Confluence Investment Management LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth about $1,110,000. Finally, ORG Wealth Partners LLC grew its holdings in shares of Annaly Capital Management by 5,113.5% during the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust's stock worth $14,427,000 after buying an additional 773,215 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 0.8 %

Shares of NYSE NLY traded up $0.15 during midday trading on Friday, hitting $19.31. The stock had a trading volume of 4,639,567 shares, compared to its average volume of 6,736,697. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of -275.79 and a beta of 1.51. The company has a fifty day moving average price of $19.28 and a 200 day moving average price of $19.67.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $212.00 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business 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 13.47%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

Analysts Set New Price Targets

NLY has been the topic of a number of analyst reports. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.22.

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.