Armstrong Advisory Group Inc. Acquires 562 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Armstrong Advisory Group Inc. raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,121 shares of the real estate investment trust’s stock after purchasing an additional 562 shares during the period. Armstrong Advisory Group Inc.’s holdings in Annaly Capital Management were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position 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 buying an additional 850 shares in the last quarter. UMB Bank n.a. raised its holdings 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 acquiring an additional 647 shares in the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the 2nd quarter valued at $36,000. Toth Financial Advisory Corp grew its holdings in shares of 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 in the last quarter. Finally, McIlrath & Eck LLC bought a new position in shares of Annaly Capital Management in the third quarter worth $63,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NLY. 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 report on Thursday, October 31st. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Stock Up 2.4 %

NYSE NLY opened at $19.18 on Friday. The company has a market cap of $10.75 billion, a price-to-earnings ratio of -274.00 and a beta of 1.51. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The business’s fifty day moving average is $19.29 and its 200 day moving average is $19.68.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 firm 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 business posted $0.66 earnings per share. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

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