Harbour Investments Inc. Lowers Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Harbour Investments Inc. reduced its position in Annaly Capital Management, Inc. (NYSE:NLY) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,964 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. Harbour Investments Inc.’s holdings in Annaly Capital Management were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NLY. Avior Wealth Management LLC raised its position in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the period. Assetmark Inc. purchased a new position in shares of Annaly Capital Management in the fourth quarter worth about $31,000. Blue Trust Inc. grew its position in Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 549 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 549 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.70 on Friday. The firm has a market capitalization of $12.55 billion, a P/E ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The company’s 50-day simple moving average is $20.75 and its 200 day simple moving average is $20.02.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.70 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s dividend payout ratio is currently 176.10%.

Analysts Set New Price Targets

NLY has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

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.