KG&L Capital Management LLC Purchases 600 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

KG&L Capital Management LLC boosted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,648 shares of the real estate investment trust’s stock after purchasing an additional 600 shares during the period. KG&L Capital Management LLC’s holdings in Annaly Capital Management were worth $561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. 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 worth $25,000 after buying an additional 850 shares during the period. UMB Bank n.a. lifted its position in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Annaly Capital Management by 78.5% during 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 period. Quarry LP bought a new position in shares of Annaly Capital Management in the second quarter worth about $36,000. Finally, Toth Financial Advisory Corp increased its stake in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Down 0.4 %

NYSE NLY opened at $20.39 on Friday. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11. The firm’s fifty day simple moving average is $19.29 and its two-hundred day simple moving average is $19.70. The firm has a market capitalization of $11.43 billion, a P/E ratio of 12.82 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its earnings results 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 15.30% and a net margin of 20.70%. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.71 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid 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 dividend payout ratio (DPR) is presently 163.52%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NLY. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday. Argus raised 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 note on Thursday, October 31st. Royal Bank of Canada raised their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

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.