GWN Securities Inc. Takes $420,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

GWN Securities Inc. purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,569 shares of the real estate investment trust’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Corient Private Wealth LLC grew its position in Annaly Capital Management by 34.6% during the 4th quarter. Corient Private Wealth LLC now owns 28,806 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 7,410 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Annaly Capital Management by 25.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,344 shares of the real estate investment trust’s stock worth $592,000 after acquiring an additional 6,646 shares during the last quarter. Rareview Capital LLC bought a new stake in Annaly Capital Management during the 4th quarter worth $950,000. Commonwealth Equity Services LLC grew its position in Annaly Capital Management by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 376,720 shares of the real estate investment trust’s stock worth $6,894,000 after acquiring an additional 23,350 shares during the last quarter. Finally, PGGM Investments grew its position in Annaly Capital Management by 6.0% during the 4th quarter. PGGM Investments now owns 572,828 shares of the real estate investment trust’s stock worth $10,483,000 after acquiring an additional 32,329 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $21.63 on Monday. The company has a market capitalization of $12.51 billion, a price-to-earnings 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 200-day moving average is $19.96. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11.

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

Annaly Capital Management Increases Dividend

The firm 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s payout ratio is currently 163.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

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.