Annaly Capital Management, Inc. (NYSE:NLY) is Dupree Financial Group LLC’s 9th Largest Position

Dupree Financial Group LLC trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 405,566 shares of the real estate investment trust’s stock after selling 1,977 shares during the period. Annaly Capital Management comprises approximately 3.4% of Dupree Financial Group LLC’s holdings, making the stock its 9th largest holding. Dupree Financial Group LLC’s holdings in Annaly Capital Management were worth $7,422,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in 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 worth $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. lifted 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 worth $31,000 after buying an additional 647 shares during the last quarter. Blue Trust Inc. lifted its position 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 worth $33,000 after buying an additional 717 shares during the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the 2nd quarter worth about $36,000. Finally, Toth Financial Advisory Corp increased its holdings in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 576 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of research analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada lifted their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Argus raised 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, Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Stock Down 0.9 %

Shares of NYSE NLY opened at $20.23 on Tuesday. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 12.72 and a beta of 1.52. The company has a current ratio of 0.12, a quick ratio of 0.08 and a debt-to-equity ratio of 0.22. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11. The stock has a 50-day moving average price of $19.29 and a two-hundred day moving average price of $19.69.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.72 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.85%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 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.