19 hours Ago By Defense World Staff
LPL Financial LLC cut its stake in Annaly Capital Management, Inc. ( NYSE:NLY – Free Report ) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 688,385 shares of the real estate investment trust’s stock after selling 18,375 shares during the quarter. LPL Financial LLC owned approximately 0.12% of Annaly Capital Management worth $12,597,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC lifted its position in Annaly Capital Management by 58.8% during the third quarter.
Cerity Partners LLC now owns 34,996 shares of the real estate investment trust’s stock worth $702,000 after acquiring an additional 12,952 shares during the last quarter. Rockefeller Capital Management L.P.
increased its stake in shares of Annaly Capital Management by 13.5% during the third quarter. Rockefeller Capital Management L.
P. now owns 68,247 shares of the real estate investment trust’s stock worth $1,370,000 after purchasing an additional 8,136 shares during the period. HighTower Advisors LLC lifted its holdings in Annaly Capital Management by 15.
0% during the 3rd quarter. HighTower Advisors LLC now owns 69,879 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 9,141 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in Annaly Capital Management by 50.
7% in the 3rd quarter. Investment Management Corp of Ontario now owns 16,640 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 5,600 shares during the period. Finally, RBF Capital LLC acquired a new position in Annaly Capital Management in the 3rd quarter valued at $201,000.
Institutional investors and hedge funds own 51.56% of the company’s stock. Analysts Set New Price Targets NLY has been the subject of a number of research reports.
Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co.
lifted their price objective 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, January 31st.
Barclays initiated coverage on shares of 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.
Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.
44. Annaly Capital Management Price Performance Shares of NLY opened at $20.13 on Thursday.
The firm has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $20.05.
The company has a market cap of $11.64 billion, a P/E ratio of 12.66, a P/E/G ratio of 4.
89 and a beta of 1.31. Annaly Capital Management, Inc.
has a one year low of $17.67 and a one year high of $22.11.
Annaly Capital Management ( NYSE:NLY – Get Free Report ) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.
67 by $0.05. Annaly Capital Management had a return on equity of 14.
95% and a net margin of 20.70%. On average, analysts expect that Annaly Capital Management, Inc.
will post 2.81 earnings per share for the current fiscal year. Annaly Capital Management Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Monday, March 31st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, March 31st.
This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.
80 annualized dividend and a dividend yield of 13.91%. Annaly Capital Management’s payout ratio is 176.
10%. About Annaly Capital Management ( Free Report ) 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.
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