Wealthcare Advisory Partners LLC Has $248,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Wealthcare Advisory Partners LLC increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,553 shares of the real estate investment trust’s stock after buying an additional 955 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Annaly Capital Management were worth $248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its stake in Annaly Capital Management by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 562 shares during the period. Fermata Advisors LLC grew its stake in Annaly Capital Management by 3.2% during the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 563 shares in the last quarter. Toth Financial Advisory Corp increased its stake in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 576 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Annaly Capital Management by 2.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 584 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 647 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NLY shares. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, 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 for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.51 on Wednesday. The company has a market capitalization of $10.93 billion, a P/E ratio of -278.67 and a beta of 1.51. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The stock has a 50 day moving average price of $19.26 and a two-hundred day moving average price of $19.69.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.66 earnings per share. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.33%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

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.