Proffitt & Goodson Inc. Has $971,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Proffitt & Goodson Inc. boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 53,040 shares of the real estate investment trust’s stock after buying an additional 505 shares during the period. Proffitt & Goodson Inc.’s holdings in Annaly Capital Management were worth $971,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Armstrong Advisory Group Inc. grew its stake in Annaly Capital Management by 6.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 562 shares in the last quarter. Fermata Advisors LLC grew its stake in Annaly Capital Management by 3.2% in the fourth 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 in the last quarter. KG&L Capital Management LLC grew its stake in Annaly Capital Management by 2.0% in the fourth quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 600 shares in the last quarter. Hollencrest Capital Management grew its stake in Annaly Capital Management by 6.3% in the third quarter. Hollencrest Capital Management now owns 12,058 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 710 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.97 on Friday. The firm has a market cap of $12.70 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.05. The stock’s 50 day simple moving average is $19.89 and its 200 day simple moving average is $19.86.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 11.84%. Annaly Capital Management’s payout ratio is 163.52%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays started coverage on 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.44.

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.