Harbour Investments Inc. Decreases Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Harbour Investments Inc. trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,964 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. Harbour Investments Inc.’s holdings in Annaly Capital Management were worth $164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Avior Wealth Management LLC lifted its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. Blue Trust Inc. lifted its stake in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares during the period. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Larson Financial Group LLC boosted its holdings in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew 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 worth $45,000 after acquiring an additional 549 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.3 %

Shares of NLY opened at $21.70 on Friday. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week 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. The business has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $20.02.

Annaly Capital Management (NYSE:NLY) last released its earnings results 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 net margin of 20.70% and a return on equity of 14.95%. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.70 per share. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. Annaly Capital Management’s payout ratio is 176.10%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays started coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price 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.