Independent Advisor Alliance Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Independent Advisor Alliance increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 57.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,084 shares of the real estate investment trust’s stock after buying an additional 6,989 shares during the quarter. Independent Advisor Alliance’s holdings in Annaly Capital Management were worth $383,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Annaly Capital Management by 7.4% during the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after buying an additional 138,320 shares during the period. Clarity Financial LLC acquired a new stake in Annaly Capital Management during the 3rd quarter worth approximately $6,687,000. PGGM Investments grew its stake in shares of Annaly Capital Management by 152.0% in the 2nd quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust’s stock valued at $8,165,000 after purchasing an additional 258,388 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Annaly Capital Management in the second quarter valued at approximately $478,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Annaly Capital Management by 213.7% during the third quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 38,361 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management Trading Up 0.6 %

Shares of Annaly Capital Management stock opened at $19.82 on Friday. The company has a 50-day moving average of $19.75 and a two-hundred day moving average of $19.86. Annaly Capital Management, Inc. has a 12-month low of $17.23 and a 12-month high of $21.11. The stock has a market cap of $11.11 billion, a PE ratio of -283.14 and a beta of 1.52.

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

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.12%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Annaly Capital Management 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.