28,823 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,823 shares of the real estate investment trust’s stock, valued at approximately $527,000.

Other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in Annaly Capital Management by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 562 shares during the period. Fermata Advisors LLC boosted its stake in Annaly Capital Management by 3.2% during the 4th quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 563 shares during the period. Toth Financial Advisory Corp grew its holdings in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Annaly Capital Management by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 597 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NLY opened at $19.31 on Friday. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11. The firm has a 50-day moving average price of $19.27 and a two-hundred day moving average price of $19.68.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.22.

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.