Kovack Advisors Inc. Boosts Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Kovack Advisors Inc. raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 37,393 shares of the real estate investment trust’s stock after buying an additional 911 shares during the period. Kovack Advisors Inc.’s holdings in Annaly Capital Management were worth $684,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NLY. Stratos Wealth Advisors LLC lifted its stake in shares of Annaly Capital Management by 93.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock valued at $5,043,000 after buying an additional 132,891 shares during the period. Wellington Management Group LLP lifted its stake in shares of Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after purchasing an additional 48,555 shares during the period. Citigroup Inc. lifted its stake in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after purchasing an additional 120,163 shares during the period. Howard Financial Services LTD. acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $527,000. Finally, Tandem Financial LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at $327,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NLY shares. 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 on the stock. 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. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted 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 note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Down 0.7 %

NLY opened at $21.74 on Friday. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.05. The company has a 50 day moving average of $19.83 and a two-hundred day moving average of $19.85. The company has a market cap of $12.57 billion, a P/E ratio of 13.67, a P/E/G ratio of 4.89 and a beta of 1.52.

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

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 11.96%. Annaly Capital Management’s payout ratio is currently 163.52%.

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.