Global Retirement Partners LLC Trims Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Global Retirement Partners LLC lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 72.7% during the 4th quarter, HoldingsChannel reports. The fund owned 14,963 shares of the real estate investment trust’s stock after selling 39,753 shares during the quarter. Global Retirement Partners LLC’s holdings in Annaly Capital Management were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Armstrong Advisory Group Inc. lifted its position in Annaly Capital Management by 6.6% during 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 raised its stake in shares of 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 worth $330,000 after buying an additional 563 shares during the period. KG&L Capital Management LLC lifted its position in shares of Annaly Capital Management by 2.0% during the 4th quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 600 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Annaly Capital Management by 6.3% during the 3rd quarter. Hollencrest Capital Management now owns 12,058 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 710 shares during the period. Finally, Blue Trust Inc. increased its holdings in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3 %

NYSE:NLY opened at $21.58 on Tuesday. The business’s 50-day moving average is $19.67 and its 200 day moving average is $19.81. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.88. The company has a market capitalization of $12.48 billion, a P/E ratio of 13.57, a P/E/G ratio of 4.89 and a beta of 1.52.

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, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.05%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 163.52%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NLY. Argus raised shares of 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. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Three equities research 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 an average rating of “Moderate Buy” and an average 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.