Flagship Harbor Advisors LLC Acquires 876 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Flagship Harbor Advisors LLC lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,137 shares of the real estate investment trust’s stock after purchasing an additional 876 shares during the period. Flagship Harbor Advisors LLC’s holdings in Annaly Capital Management were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Allspring Global Investments Holdings LLC raised its stake in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after acquiring an additional 1,342,056 shares in the last quarter. State Street Corp increased its position in shares of Annaly Capital Management by 1.3% during the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after purchasing an additional 223,294 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after acquiring an additional 3,350,435 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Annaly Capital Management by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after acquiring an additional 541,869 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.5 %

Annaly Capital Management stock opened at $19.80 on Thursday. The firm has a market cap of $11.10 billion, a PE ratio of -282.79 and a beta of 1.51. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11. The company’s 50 day moving average is $19.26 and its two-hundred day moving average is $19.70.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results 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 14.75% and a net margin of 2.59%. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Wall Street Analyst Weigh In

NLY has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped 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, January 21st. Royal Bank of Canada increased their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Argus upgraded 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. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

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.