HighPoint Advisor Group LLC Has $512,000 Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

HighPoint Advisor Group LLC raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,960 shares of the real estate investment trust’s stock after purchasing an additional 1,628 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Annaly Capital Management were worth $512,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Annaly Capital Management during the fourth quarter worth $31,000. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares during the period. Larson Financial Group LLC raised its position in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 549 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,030 shares during the period. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NLY shares. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. 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. raised their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Up 0.2 %

Shares of NLY stock opened at $20.13 on Thursday. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The firm has a market capitalization of $11.64 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. The firm has a fifty day simple moving average of $21.04 and a two-hundred day simple moving average of $20.05.

Annaly Capital Management (NYSE:NLY) last posted its earnings results 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 net margin of 20.70% and a return on equity of 14.95%. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.91%. The ex-dividend date is Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is currently 176.10%.

Annaly Capital Management Company 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.