Key Client Fiduciary Advisors LLC raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 17.5% during the 4th quarter, Holdings Channel reports. The firm owned 182,809 shares of the real estate investment trust’s stock after purchasing an additional 27,230 shares during the quarter. Annaly Capital Management comprises 1.5% of Key Client Fiduciary Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Key Client Fiduciary Advisors LLC’s holdings in Annaly Capital Management were worth $3,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the business. Avior Wealth Management LLC raised its stake in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 647 shares in the last quarter. Quarry LP acquired a new position in shares of Annaly Capital Management in the second quarter valued at approximately $36,000. Toth Financial Advisory Corp lifted its stake in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its position in Annaly Capital Management by 68.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,200 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NLY has been the subject of several analyst reports. Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.11.
Annaly Capital Management Stock Down 0.0 %
NLY stock opened at $19.35 on Friday. The firm’s 50-day simple moving average is $19.25 and its 200 day simple moving average is $19.69. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.
Annaly Capital Management (NYSE:NLY – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the business posted $0.66 earnings per share. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.
Annaly Capital Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.
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.
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