Steward Partners Investment Advisory LLC Sells 3,899 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Steward Partners Investment Advisory LLC trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 22.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,147 shares of the real estate investment trust’s stock after selling 3,899 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Annaly Capital Management were worth $241,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Avior Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 209.9% in 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. Blue Trust Inc. raised its holdings in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC raised its holdings in shares of Annaly Capital Management by 1,379.3% in the fourth quarter. Spectrum Wealth Counsel LLC now owns 2,722 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,538 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price 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. Barclays began coverage on shares of 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, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Trading Up 2.5 %

Shares of NYSE NLY opened at $21.63 on Friday. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The stock has a 50-day moving average price of $20.42 and a two-hundred day moving average price of $19.96.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 12.94%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

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.