Tallon Kerry Patrick Makes New $671,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Tallon Kerry Patrick acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 36,509 shares of the real estate investment trust’s stock, valued at approximately $671,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NLY. Acadian Asset Management LLC purchased a new position in Annaly Capital Management during the 2nd quarter worth approximately $417,000. Choreo LLC purchased a new position in Annaly Capital Management during the 2nd quarter worth approximately $283,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Annaly Capital Management by 2.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 72,481 shares of the real estate investment trust’s stock valued at $1,396,000 after buying an additional 1,764 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Annaly Capital Management by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 258,817 shares of the real estate investment trust’s stock valued at $4,933,000 after buying an additional 18,599 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Annaly Capital Management by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 581,215 shares of the real estate investment trust’s stock valued at $11,078,000 after buying an additional 21,200 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Three research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $21.22.

Annaly Capital Management Stock Up 2.4 %

NLY stock opened at $19.18 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The company has a fifty day simple moving average of $19.29 and a 200 day simple moving average of $19.68.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $212.00 million. During the same period in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.56%. Annaly Capital Management’s dividend payout ratio (DPR) 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.