Geneos Wealth Management Inc. Acquires New Shares in Annaly Capital Management, Inc. (NYSE:NLY)

Geneos Wealth Management Inc. acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,584 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NLY. Allspring Global Investments Holdings LLC grew its holdings 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 worth $361,061,000 after purchasing an additional 1,342,056 shares during the last quarter. State Street Corp boosted its position in Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after buying an additional 223,294 shares during the period. Geode Capital Management LLC grew its holdings in Annaly Capital Management by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after acquiring an additional 241,465 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 valued at $79,900,000 after acquiring an additional 3,350,435 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Annaly Capital Management by 21.5% during the third 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 last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.4 %

NYSE:NLY opened at $20.39 on Friday. The firm has a market capitalization of $11.43 billion, a P/E ratio of 12.82 and a beta of 1.51. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a fifty day moving average of $19.29 and a 200-day moving average of $19.70.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 15.30%. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.71 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.75%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NLY shares. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

About Annaly Capital Management

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.