HighTower Advisors LLC Has $1.40 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

HighTower Advisors LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 15.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,879 shares of the real estate investment trust’s stock after acquiring an additional 9,141 shares during the quarter. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Allspring Global Investments Holdings LLC increased its holdings in shares of Annaly Capital Management by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Annaly Capital Management by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,092,118 shares of the real estate investment trust’s stock worth $77,996,000 after purchasing an additional 41,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after buying an additional 3,350,435 shares during the period. Victory Capital Management Inc. lifted its stake in Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock valued at $40,200,000 after buying an additional 138,320 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Annaly Capital Management by 19.2% in the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock valued at $37,395,000 after buying an additional 308,618 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $19.78 on Monday. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The company has a market cap of $11.09 billion, a P/E ratio of -282.57 and a beta of 1.51. The stock’s 50-day simple moving average is $19.65 and its 200 day simple moving average is $19.85.

Annaly Capital Management (NYSE:NLY) last posted 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 analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the firm earned $0.66 EPS. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. 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 currently -3,714.29%.

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.