Fortem Financial Group LLC Purchases 3,304 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Fortem Financial Group LLC raised its position in Annaly Capital Management, Inc. (NYSE:NLY) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 128,406 shares of the real estate investment trust’s stock after acquiring an additional 3,304 shares during the period. Annaly Capital Management comprises 0.9% of Fortem Financial Group LLC’s portfolio, making the stock its 28th biggest position. Fortem Financial Group LLC’s holdings in Annaly Capital Management were worth $2,350,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Everence Capital Management Inc. acquired a new position in Annaly Capital Management during the fourth quarter worth $335,000. First Financial Bank Trust Division lifted its position in Annaly Capital Management by 5.0% during the 4th quarter. First Financial Bank Trust Division now owns 28,703 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 1,364 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Annaly Capital Management during the 4th quarter worth about $1,110,000. JPMorgan Chase & Co. grew its holdings in shares of Annaly Capital Management by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after acquiring an additional 541,869 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Annaly Capital Management by 16.2% in the third quarter. Franklin Resources Inc. now owns 92,039 shares of the real estate investment trust’s stock valued at $1,820,000 after acquiring an additional 12,809 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of analyst reports. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday. They issued 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded down $0.13 during trading hours on Monday, hitting $18.85. The company had a trading volume of 3,728,163 shares, compared to its average volume of 6,940,658. The firm has a 50-day moving average of $19.39 and a 200 day moving average of $19.75. The firm has a market cap of $10.57 billion, a PE ratio of -269.29 and a beta of 1.51. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter last year, the business posted $0.66 EPS. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.79%. Annaly Capital Management’s payout ratio is presently -3,714.29%.

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.