HighPoint Advisor Group LLC Invests $522,000 in Annaly Capital Management, Inc. (NYSE:NLY)

HighPoint Advisor Group LLC purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,938 shares of the real estate investment trust’s stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NLY. Family Asset Management LLC boosted its position in Annaly Capital Management by 2.7% during the fourth quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 596 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Annaly Capital Management by 6.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 704 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Annaly Capital Management by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock valued at $1,310,000 after purchasing an additional 717 shares in the last quarter. Evoke Wealth LLC boosted its position in Annaly Capital Management by 0.5% during the fourth quarter. Evoke Wealth LLC now owns 153,136 shares of the real estate investment trust’s stock valued at $3,066,000 after purchasing an additional 718 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in Annaly Capital Management by 3.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 21,782 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 761 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $19.92 on Thursday. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The business has a 50-day moving average price of $19.40 and a 200-day moving average price of $19.34.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. During the same period last year, the business posted $0.81 earnings per share. Analysts forecast that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.05%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. Janney Montgomery Scott began coverage on Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price target for the company. Finally, StockNews.com upgraded Annaly Capital Management from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

About Annaly Capital Management

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.