Prevail Innovative Wealth Advisors LLC Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,433 shares of the real estate investment trust’s stock after buying an additional 17,814 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Annaly Capital Management were worth $1,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock worth $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Annaly Capital Management by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after purchasing an additional 109,655 shares during the period. State Street Corp raised its position in Annaly Capital Management by 1.3% in the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after purchasing an additional 223,294 shares in the last quarter. Geode Capital Management LLC raised its position in Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after purchasing an additional 241,465 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $127,397,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the topic of several analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Trading Down 2.1 %

Shares of NLY opened at $20.66 on Friday. The company’s 50 day simple moving average is $20.99 and its 200-day simple moving average is $20.06. The firm has a market cap of $11.95 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.56%. 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.