HighTower Advisors LLC Buys 9,141 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

HighTower Advisors LLC raised its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,879 shares of the real estate investment trust’s stock after acquiring an additional 9,141 shares during the quarter. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $1,400,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Annaly Capital Management by 38.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 47,291 shares of the real estate investment trust’s stock valued at $901,000 after buying an additional 13,057 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Annaly Capital Management by 57.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,419 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 8,149 shares in the last quarter. Brookstone Capital Management bought a new stake in Annaly Capital Management during the 2nd quarter worth approximately $201,000. First Citizens Bank & Trust Co. bought a new stake in Annaly Capital Management during the 2nd quarter worth approximately $235,000. Finally, Atria Wealth Solutions Inc. increased its holdings in Annaly Capital Management by 5.4% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 130,406 shares of the real estate investment trust’s stock valued at $2,502,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Argus upgraded 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 report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Annaly Capital Management Trading Up 0.1 %

Shares of NYSE NLY opened at $19.78 on Monday. The firm has a market capitalization of $11.09 billion, a PE ratio of -282.57 and a beta of 1.51. The firm’s 50-day moving average is $19.65 and its 200-day moving average is $19.85. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year 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 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 13.14%. Annaly Capital Management’s payout ratio is currently -3,714.29%.

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.