Norden Group LLC Trims Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Norden Group LLC reduced its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 19.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,766 shares of the real estate investment trust’s stock after selling 3,904 shares during the period. Norden Group LLC’s holdings in Annaly Capital Management were worth $289,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 209.9% in the third 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 period. Blue Trust Inc. grew its position in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 549 shares during the period. UMB Bank n.a. raised its position in Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,030 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC lifted its stake in shares of Annaly Capital Management by 1,379.3% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 2,722 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 2,538 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.43 on Wednesday. The business has a 50 day moving average price of $19.99 and a 200 day moving average price of $19.89. The company has a market capitalization of $12.39 billion, a P/E ratio of 13.47, a PEG 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 $22.05.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.14%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 163.52%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.44.

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.