Old Port Advisors Acquires 5,060 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Old Port Advisors raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,314 shares of the real estate investment trust’s stock after buying an additional 5,060 shares during the period. Old Port Advisors’ holdings in Annaly Capital Management were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NLY. CoreCap Advisors LLC bought a new position in Annaly Capital Management in the 2nd quarter valued at about $26,000. Wipfli Financial Advisors LLC bought a new position in shares of Annaly Capital Management in the third quarter valued at approximately $31,000. Larson Financial Group LLC boosted its position in shares of Annaly Capital Management by 1,817.0% during the third quarter. Larson Financial Group LLC now owns 1,917 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,817 shares during the last quarter. Assetmark Inc. bought a new stake in Annaly Capital Management during the third quarter worth $34,000. Finally, Quadrant Capital Group LLC raised its position in Annaly Capital Management by 69.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,436 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,638 shares during the last quarter. 52.80% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY opened at $18.40 on Friday. Annaly Capital Management, Inc. has a 1 year low of $15.11 and a 1 year high of $29.88. The company has a debt-to-equity ratio of 6.84, a current ratio of 4.66 and a quick ratio of 4.66. The stock’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $21.13. The firm has a market cap of $9.08 billion, a PE ratio of 3.69 and a beta of 1.35.

Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $135.09 million during the quarter, compared to analyst estimates of $426.09 million. Annaly Capital Management had a return on equity of 19.23% and a net margin of 62.09%. The firm’s revenue for the quarter was down 62.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.85 EPS for the current year.

Annaly Capital Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend is Thursday, March 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 70.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NLY shares. Argus downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. They noted that the move was a valuation call. StockNews.com began coverage on shares of Annaly Capital Management in a research report on Thursday. They issued a “sell” rating for the company. Barclays lifted their target price on shares of Annaly Capital Management from $19.00 to $24.00 in a research report on Friday, January 6th. Jonestrading started coverage on Annaly Capital Management in a report on Monday, December 19th. They issued a “buy” rating and a $22.50 target price for the company. Finally, Royal Bank of Canada increased their price target on Annaly Capital Management from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.17.

Annaly Capital Management Company Profile

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Annaly Capital Management, Inc engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets.