Gateway Investment Advisers LLC Has $1.18 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Gateway Investment Advisers LLC decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,460 shares of the real estate investment trust’s stock after selling 7,880 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Annaly Capital Management were worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Armstrong Advisory Group Inc. increased its position in Annaly Capital Management by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 562 shares during the period. Park Avenue Securities LLC acquired a new stake in Annaly Capital Management in the 4th quarter worth about $213,000. San Luis Wealth Advisors LLC boosted its holdings in Annaly Capital Management by 24.6% in the 4th quarter. San Luis Wealth Advisors LLC now owns 40,760 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 8,043 shares during the period. Oak Thistle LLC acquired a new position in shares of Annaly Capital Management during the 4th quarter worth approximately $194,000. Finally, ORG Wealth Partners LLC increased its holdings in shares of Annaly Capital Management by 5,113.5% during the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after purchasing an additional 773,215 shares during the period. Institutional investors own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NLY shares. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.22.

Annaly Capital Management Stock Up 0.8 %

Shares of NYSE NLY opened at $19.31 on Friday. The company has a market capitalization of $10.82 billion, a PE ratio of -275.79 and a beta of 1.51. The firm has a fifty day simple moving average of $19.27 and a 200 day simple moving average of $19.68. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 13.47%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

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.