Wealth Enhancement Advisory Services LLC Purchases 1,234 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,494 shares of the real estate investment trust’s stock after buying an additional 1,234 shares during the quarter. 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 have also recently made changes to their positions in NLY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 acquiring an additional 3,350,435 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Annaly Capital Management by 8.1% in the 3rd 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 purchasing an additional 1,342,056 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Annaly Capital Management by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after purchasing an additional 541,869 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Annaly Capital Management by 2,254.2% during the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after buying an additional 430,604 shares during the period. Finally, Clarity Financial LLC bought a new position in Annaly Capital Management in the third quarter worth approximately $6,687,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $18.72 on Thursday. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -267.43 and a beta of 1.51. The stock’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 fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its 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 analysts’ expectations 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 in the prior year, the firm posted $0.66 EPS. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays began coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price 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.