Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,494 shares of the real estate investment trust’s stock after acquiring an additional 1,234 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Annaly Capital Management were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. raised its stake in shares of 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 buying an additional 647 shares during the last quarter. Quarry LP purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $36,000. Toth Financial Advisory Corp lifted its holdings in shares of 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 valued at $48,000 after buying an additional 576 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in shares of Annaly Capital Management in the third quarter worth about $63,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 1.8 %

Shares of NYSE NLY opened at $18.72 on Thursday. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of -267.43 and a beta of 1.51. The company’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $19.68. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the prior year, the business posted $0.66 earnings per share. Equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NLY. JPMorgan Chase & Co. reduced their price target 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. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. 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 report on Friday, September 20th. Finally, 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 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.