ORG Wealth Partners LLC Purchases 773,215 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

ORG Wealth Partners LLC boosted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 5,113.5% during the fourth quarter, Holdings Channel reports. The firm owned 788,336 shares of the real estate investment trust’s stock after buying an additional 773,215 shares during the quarter. Annaly Capital Management comprises approximately 5.1% of ORG Wealth Partners LLC’s holdings, making the stock its 3rd biggest position. ORG Wealth Partners LLC’s holdings in Annaly Capital Management were worth $14,427,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NLY. Avior Wealth Management LLC raised its stake in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 850 shares during the last quarter. UMB Bank n.a. lifted its stake in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares in the last quarter. Quarry LP acquired a new stake in Annaly Capital Management during the 2nd quarter valued at $36,000. Toth Financial Advisory Corp increased its position in Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of Annaly Capital Management in the third quarter worth $63,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.27 during midday trading on Friday, reaching $18.24. 3,701,214 shares of the company traded hands, compared to its average volume of 6,231,153. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a fifty day moving average price of $19.35 and a 200 day moving average price of $19.72. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of -260.57 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.66 EPS. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NLY. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Barclays began coverage on Annaly Capital Management in a report on Monday. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.