Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,482 shares of the real estate investment trust’s stock after selling 578 shares during the period. Stableford Capital II LLC’s holdings in Annaly Capital Management were worth $887,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its stake in Annaly Capital Management by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 562 shares during the last quarter. Fermata Advisors LLC lifted its stake in shares of Annaly Capital Management by 3.2% in the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 563 shares in the last quarter. Toth Financial Advisory Corp boosted its position in Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 576 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 584 shares in the last quarter. Finally, KG&L Capital Management LLC raised its holdings in Annaly Capital Management by 2.0% in the 4th quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NLY. Barclays began 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. 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 note on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Finally, Royal Bank of Canada upped their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Trading Down 0.4 %

Shares of NYSE:NLY opened at $20.39 on Friday. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 12.82 and a beta of 1.51. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11. The business has a 50-day moving average price of $19.29 and a 200 day moving average price of $19.70.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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 15.30%. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.71 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 163.52%.

About Annaly Capital Management

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.