Pekin Hardy Strauss Inc. Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

Pekin Hardy Strauss Inc. grew its position in Annaly Capital Management, Inc. (NYSE:NLY) by 91.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,899 shares of the real estate investment trust’s stock after acquiring an additional 9,500 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Annaly Capital Management were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NLY. Allspring Global Investments Holdings LLC lifted its position in Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Annaly Capital Management by 454.6% in the 1st quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock valued at $19,898,000 after acquiring an additional 828,325 shares during the last quarter. Swedbank AB bought a new stake in Annaly Capital Management during the first quarter valued at $12,781,000. International Assets Investment Management LLC grew its position in shares of Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock valued at $90,260,000 after buying an additional 430,604 shares during the last quarter. Finally, Clarity Financial LLC acquired a new stake in shares of Annaly Capital Management during the 3rd quarter worth approximately $6,687,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NLY. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $19.81 on Monday. Annaly Capital Management, Inc. has a 1-year low of $17.23 and a 1-year high of $21.11. The firm’s fifty day simple moving average is $19.81 and its 200-day simple moving average is $19.86.

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

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.12%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s payout ratio is -3,714.29%.

Annaly Capital Management Company 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.