HUB Investment Partners LLC Sells 4,200 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

HUB Investment Partners LLC decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,692 shares of the real estate investment trust’s stock after selling 4,200 shares during the quarter. HUB Investment Partners LLC’s holdings in Annaly Capital Management were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. KBC Group NV raised its position in shares of Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after buying an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Annaly Capital Management by 531.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after purchasing an additional 3,350,435 shares during the period. PL Capital Advisors LLC lifted its stake in shares of Annaly Capital Management by 1,730.0% in the 4th quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust’s stock valued at $51,105,000 after purchasing an additional 2,640,032 shares during the last quarter. ORG Wealth Partners LLC raised its holdings in Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after buying an additional 773,215 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter valued at $12,676,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $21.70 on Friday. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The company’s 50-day simple moving average is $20.75 and its two-hundred day simple moving average is $20.02.

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, beating 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%. Equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s dividend payout ratio is 176.10%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NLY shares. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target 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.