PFG Investments LLC Boosts Stake in Annaly Capital Management, Inc. (NYSE:NLY)

PFG Investments LLC raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 12.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 120,505 shares of the real estate investment trust’s stock after purchasing an additional 13,446 shares during the period. PFG Investments LLC’s holdings in Annaly Capital Management were worth $2,205,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its stake in shares of Annaly Capital Management by 209.9% in 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 buying an additional 850 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% in the third 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 shares of Annaly Capital Management in the second quarter valued at $36,000. Toth Financial Advisory Corp grew its stake in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its stake in shares of Annaly Capital Management by 68.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,200 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.7 %

Shares of NYSE:NLY opened at $19.49 on Monday. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11. The business’s fifty day moving average price is $19.25 and its two-hundred day moving average price is $19.70.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NLY shares. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

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.