Assetmark Inc. Buys New Position in Annaly Capital Management, Inc. (NYSE:NLY)

Assetmark Inc. bought a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,709 shares of the real estate investment trust’s stock, valued at approximately $31,000.

Several other hedge funds also recently added to or reduced their stakes in NLY. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Annaly Capital Management by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,864 shares of the real estate investment trust’s stock valued at $19,505,000 after purchasing an additional 40,781 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Annaly Capital Management by 213.7% in the third quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock valued at $1,130,000 after purchasing an additional 38,361 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Annaly Capital Management in the third quarter valued at about $239,000. CIBC Asset Management Inc increased its holdings in shares of Annaly Capital Management by 6.0% in the third quarter. CIBC Asset Management Inc now owns 17,627 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,001 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Annaly Capital Management by 15.4% in the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 6,469 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three 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 company currently has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Trading Up 2.5 %

Shares of NLY stock opened at $21.63 on Monday. The company has a market capitalization of $12.51 billion, a P/E ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53. The business’s 50 day moving average is $20.42 and its two-hundred day moving average is $19.96. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11.

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

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.94%. The ex-dividend date is Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) 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.