Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,393 shares of the real estate investment trust’s stock after purchasing an additional 911 shares during the quarter. Kovack Advisors Inc.’s holdings in Annaly Capital Management were worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Creative Planning grew its position in Annaly Capital Management by 8.3% in the 3rd quarter. Creative Planning now owns 56,506 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 4,335 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Annaly Capital Management by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 58,209 shares of the real estate investment trust’s stock valued at $1,168,000 after acquiring an additional 3,950 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Annaly Capital Management by 76.2% during the third quarter. Farther Finance Advisors LLC now owns 4,372 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,891 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Annaly Capital Management by 3.5% during the third quarter. Janney Montgomery Scott LLC now owns 135,197 shares of the real estate investment trust’s stock worth $2,713,000 after acquiring an additional 4,586 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Annaly Capital Management by 19.2% during the third quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock worth $37,395,000 after purchasing an additional 308,618 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.7 %

Shares of NLY stock opened at $21.74 on Friday. The stock has a market cap of $12.57 billion, a P/E ratio of 13.67, a P/E/G ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.05. The business has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $19.85.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 11.96%. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Argus raised 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. 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 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average target price of $21.44.

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.