Armstrong Advisory Group Inc. Buys 562 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Armstrong Advisory Group Inc. boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,121 shares of the real estate investment trust’s stock after acquiring an additional 562 shares during the period. Armstrong Advisory Group Inc.’s holdings in Annaly Capital Management were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 purchasing an additional 3,350,435 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Annaly Capital Management by 8.1% in 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 buying an additional 1,342,056 shares during the period. ORG Wealth Partners LLC boosted its holdings in shares of Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after buying an additional 773,215 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 worth $61,355,000 after buying an additional 541,869 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Annaly Capital Management by 2,254.2% in the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after acquiring an additional 430,604 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NLY. Wells Fargo & Company raised shares of 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 research note on Friday, September 20th. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.22.

Annaly Capital Management Stock Up 2.4 %

NLY stock opened at $19.18 on Friday. The firm has a market capitalization of $10.75 billion, a PE ratio of -274.00 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 stock’s 50 day moving average is $19.29 and its 200-day moving average is $19.68.

Annaly Capital Management (NYSE:NLY) last posted 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). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the prior year, the firm earned $0.66 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.56%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

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.