Tallon Kerry Patrick Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Tallon Kerry Patrick purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 36,509 shares of the real estate investment trust’s stock, valued at approximately $671,000.

A number of other hedge funds also recently made changes to their positions in the business. Armstrong Advisory Group Inc. raised its holdings in shares of Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 562 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $213,000. San Luis Wealth Advisors LLC raised its holdings in shares of Annaly Capital Management by 24.6% during the fourth quarter. San Luis Wealth Advisors LLC now owns 40,760 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 8,043 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $194,000. Finally, ORG Wealth Partners LLC raised its holdings in shares of Annaly Capital Management by 5,113.5% during the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after buying an additional 773,215 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.18 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The firm’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $19.68.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter last year, the firm posted $0.66 EPS. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.56%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NLY. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $23.00 in a report on Friday, September 20th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.22.

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.