Frank Rimerman Advisors LLC Lowers Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Frank Rimerman Advisors LLC trimmed its position in Annaly Capital Management, Inc. (NYSE:NLY) by 32.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,011 shares of the real estate investment trust’s stock after selling 4,713 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Annaly Capital Management were worth $183,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Advisors LLC lifted its holdings in shares of Annaly Capital Management by 93.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock worth $5,043,000 after buying an additional 132,891 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Annaly Capital Management by 9.9% in 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 buying an additional 48,555 shares during the period. Citigroup Inc. lifted its holdings in shares of Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after buying an additional 120,163 shares during the period. Howard Financial Services LTD. purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth $527,000. Finally, Tandem Financial LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter worth $327,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $21.85 on Tuesday. The business’s 50-day moving average is $20.48 and its 200 day moving average is $19.97. The firm has a market capitalization of $12.63 billion, a P/E ratio of 13.74, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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%. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.82%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s payout ratio is presently 163.52%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NLY. 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 target for the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management 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.