Private Trust Co. NA Reduces Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Private Trust Co. NA trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,944 shares of the real estate investment trust’s stock after selling 847 shares during the quarter. Private Trust Co. NA’s holdings in Annaly Capital Management were worth $182,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. raised 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 during the period. Fermata Advisors LLC increased its position in shares of Annaly Capital Management by 3.2% during the 4th quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 563 shares during the last quarter. KG&L Capital Management LLC raised its holdings in 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 during the period. Hollencrest Capital Management lifted its position in Annaly Capital Management by 6.3% in the third quarter. Hollencrest Capital Management now owns 12,058 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 710 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $21.61 on Tuesday. The firm’s 50 day simple moving average is $19.94 and its 200-day simple moving average is $19.88. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.05. The firm has a market cap of $12.50 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 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%. Equities research analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 12.03%. Annaly Capital Management’s payout ratio is currently 163.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and an average 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.