Strategic Financial Concepts LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Strategic Financial Concepts LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,049 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC lifted its holdings in 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 valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. raised its position in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. lifted its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in 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 worth $48,000 after buying an additional 576 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its stake in Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays initiated coverage on 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Price Performance

NLY stock opened at $20.69 on Thursday. The firm has a 50 day simple moving average of $19.41 and a two-hundred day simple moving average of $19.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The stock has a market cap of $11.60 billion, a PE ratio of 13.01, a P/E/G ratio of 4.66 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.57%. Annaly Capital Management’s dividend payout ratio is 163.52%.

Annaly Capital Management Company 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.