Evoke Wealth LLC Has $1.83 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Evoke Wealth LLC reduced its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,535 shares of the real estate investment trust’s stock after selling 89,352 shares during the period. Evoke Wealth LLC’s holdings in Annaly Capital Management were worth $1,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Proffitt & Goodson Inc. boosted its position in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 505 shares during the period. LVZ Inc. boosted its position in shares of Annaly Capital Management by 2.7% during the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 521 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 549 shares during the period. Larson Financial Group LLC boosted its position in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in shares of 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 worth $167,000 after buying an additional 562 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Stock Up 0.4 %

NYSE:NLY opened at $21.93 on Wednesday. The stock’s 50 day moving average price is $20.55 and its two-hundred day moving average price is $19.99. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY) last released 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 return on equity of 14.95% and a net margin of 20.70%. Equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.70 dividend. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.77%. Annaly Capital Management’s dividend payout ratio is currently 176.10%.

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.