Cedar Wealth Management LLC Has $269,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Cedar Wealth Management LLC reduced its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,715 shares of the real estate investment trust’s stock after selling 14,350 shares during the quarter. Cedar Wealth Management LLC’s holdings in Annaly Capital Management were worth $269,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth $2,811,000. Sei Investments Co. boosted its stake in Annaly Capital Management by 11.4% in the fourth quarter. Sei Investments Co. now owns 1,244,074 shares of the real estate investment trust’s stock valued at $22,766,000 after buying an additional 126,980 shares in the last quarter. Virtu Financial LLC boosted its stake in Annaly Capital Management by 152.3% in the fourth quarter. Virtu Financial LLC now owns 110,505 shares of the real estate investment trust’s stock valued at $2,022,000 after buying an additional 66,711 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Annaly Capital Management by 12.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 123,799 shares of the real estate investment trust’s stock valued at $2,266,000 after buying an additional 13,358 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Annaly Capital Management by 57.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 404,840 shares of the real estate investment trust’s stock valued at $7,409,000 after buying an additional 146,905 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NLY shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. 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 report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays started coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Price Performance

Shares of NLY opened at $21.70 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The business has a 50-day moving average of $20.75 and a 200-day moving average of $20.02.

Annaly Capital Management (NYSE:NLY) last issued 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 return on equity of 14.95% and a net margin of 20.70%. As a group, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.70 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 12.91%. The ex-dividend date is Monday, March 31st. Annaly Capital Management’s payout ratio is presently 176.10%.

Annaly Capital Management Company 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.