Key Client Fiduciary Advisors LLC Raises Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Key Client Fiduciary Advisors LLC lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,809 shares of the real estate investment trust’s stock after acquiring an additional 27,230 shares during the period. Annaly Capital Management accounts for approximately 1.5% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 13th biggest position. Key Client Fiduciary Advisors LLC’s holdings in Annaly Capital Management were worth $3,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after purchasing an additional 3,350,435 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of 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 purchasing an additional 1,342,056 shares during the last quarter. ORG Wealth Partners LLC raised its holdings in Annaly Capital Management by 5,113.5% in the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after buying an additional 773,215 shares during the period. JPMorgan Chase & Co. lifted its position in Annaly Capital Management by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after buying an additional 541,869 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Annaly Capital Management by 2,254.2% during the third quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after buying an additional 430,604 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.0 %

Shares of NLY opened at $19.35 on Friday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The firm has a 50-day simple moving average of $19.25 and a 200-day simple moving average of $19.69.

Annaly Capital Management (NYSE:NLY) last posted its quarterly 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). The business 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 business earned $0.66 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is currently -3,714.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NLY. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday. 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 price target for the company. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.11.

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.