Fox Run Management L.L.C. Cuts Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Fox Run Management L.L.C. decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 34.0% in the 4th quarter, HoldingsChannel reports. The firm owned 52,960 shares of the real estate investment trust’s stock after selling 27,228 shares during the quarter. Fox Run Management L.L.C.’s holdings in Annaly Capital Management were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NLY. Proffitt & Goodson Inc. lifted its holdings in Annaly Capital Management by 1.0% during the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 505 shares in the last quarter. LVZ Inc. raised its stake in shares of Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 521 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 549 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 549 shares during the period. Finally, Armstrong Advisory Group Inc. grew its stake in Annaly Capital Management by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 562 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3 %

Shares of Annaly Capital Management stock opened at $21.70 on Friday. The company has a fifty day simple moving average of $20.75 and a 200-day simple moving average of $20.02. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.70 per share. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.91%. Annaly Capital Management’s payout ratio is 176.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NLY shares. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Three investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

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.