60,648 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Bought by Confluence Investment Management LLC

Confluence Investment Management LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY) in the fourth quarter, HoldingsChannel reports. The fund bought 60,648 shares of the real estate investment trust’s stock, valued at approximately $1,110,000.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in shares of Annaly Capital Management by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 327,069 shares of the real estate investment trust’s stock valued at $6,234,000 after purchasing an additional 875 shares during the period. Natixis Advisors LLC increased its position in shares of Annaly Capital Management by 45.7% during the second quarter. Natixis Advisors LLC now owns 41,896 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 13,132 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of Annaly Capital Management by 3.2% during the second quarter. Belpointe Asset Management LLC now owns 36,269 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 1,115 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Annaly Capital Management by 11.4% during the second quarter. TD Asset Management Inc now owns 107,466 shares of the real estate investment trust’s stock worth $2,048,000 after acquiring an additional 10,981 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Annaly Capital Management by 2.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust’s stock valued at $35,540,000 after acquiring an additional 47,116 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NLY has been the subject of a number of research reports. 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. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Annaly Capital Management Trading Up 0.4 %

Annaly Capital Management stock opened at $18.38 on Friday. The stock has a 50-day moving average price of $19.40 and a two-hundred day moving average price of $19.76. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11. The company has a market capitalization of $10.30 billion, a PE ratio of -262.57 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the business earned $0.66 EPS. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.15%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Annaly Capital Management 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.