Aspire Private Capital LLC Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Aspire Private Capital LLC grew its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,502 shares of the real estate investment trust’s stock after purchasing an additional 2,624 shares during the quarter. Aspire Private Capital LLC’s holdings in Annaly Capital Management were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 850 shares in the last quarter. UMB Bank n.a. raised its stake in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the last quarter. Quarry LP purchased a new position in Annaly Capital Management in the 2nd quarter valued at $36,000. Toth Financial Advisory Corp boosted its stake in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in shares of Annaly Capital Management during the third quarter worth $63,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NLY. Argus raised 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 research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Barclays initiated coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Annaly Capital Management Stock Up 1.0 %

NYSE:NLY opened at $19.51 on Wednesday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The company has a 50 day moving average price of $19.26 and a 200 day moving average price of $19.69.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.33%. The ex-dividend date is Tuesday, December 31st. 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.