Raymond James & Associates Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Raymond James & Associates increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 239,178 shares of the real estate investment trust’s stock after buying an additional 14,302 shares during the quarter. Raymond James & Associates’ holdings in Annaly Capital Management were worth $4,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Equitable Holdings Inc. grew its holdings in shares of Annaly Capital Management by 3.1% during the fourth quarter. Equitable Holdings Inc. now owns 17,455 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 523 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Annaly Capital Management by 2.8% during the second quarter. Integrated Wealth Concepts LLC now owns 19,284 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 524 shares during the last quarter. Castleview Partners LLC grew its holdings in shares of Annaly Capital Management by 3.9% during the second quarter. Castleview Partners LLC now owns 16,072 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 609 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Annaly Capital Management by 7.0% during the third quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 709 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Annaly Capital Management by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock valued at $1,310,000 after buying an additional 717 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NLY has been the subject of a number of research reports. Compass Point initiated coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price for the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Finally, Jonestrading boosted their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.19.

Annaly Capital Management Trading Down 0.1 %

Shares of Annaly Capital Management stock opened at $18.58 on Friday. The firm has a 50-day simple moving average of $19.21 and a two-hundred day simple moving average of $18.64. The company has a market cap of $9.30 billion, a P/E ratio of -5.15 and a beta of 1.54. Annaly Capital Management, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.99%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -72.02%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the transaction, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

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.