Allworth Financial LP Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Allworth Financial LP increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 141.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,411 shares of the real estate investment trust’s stock after purchasing an additional 2,001 shares during the quarter. Allworth Financial LP’s holdings in Annaly Capital Management were worth $66,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Selway Asset Management purchased a new position in shares of Annaly Capital Management in the 3rd quarter valued at about $26,000. BluePath Capital Management LLC purchased a new position in shares of Annaly Capital Management in the 3rd quarter valued at about $34,000. Central Bank & Trust Co. purchased a new position in shares of Annaly Capital Management in the 4th quarter valued at about $34,000. Lazard Asset Management LLC increased its holdings in shares of Annaly Capital Management by 1,834.5% in the 4th quarter. Lazard Asset Management LLC now owns 1,683 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,596 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Annaly Capital Management during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was 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 directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Annaly Capital Management Trading Down 0.8 %

Shares of NLY opened at $18.44 on Friday. The stock has a fifty day moving average of $19.20 and a two-hundred day moving average of $18.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $9.23 billion, a PE ratio of -5.11 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.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 14.10%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -72.02%.

About Annaly Capital Management

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.