Perigon Wealth Management LLC Purchases 3,301 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Perigon Wealth Management LLC raised its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,705 shares of the real estate investment trust’s stock after purchasing an additional 3,301 shares during the quarter. Perigon Wealth Management LLC’s holdings in Annaly Capital Management were worth $672,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NLY. Goldman Sachs Group Inc. increased its position in Annaly Capital Management by 166.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock valued at $87,858,000 after purchasing an additional 9,279,874 shares during the period. State Street Corp increased its position in Annaly Capital Management by 14.0% during the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares during the period. Norges Bank purchased a new position in Annaly Capital Management during the 4th quarter valued at $83,248,000. Vanguard Group Inc. increased its position in Annaly Capital Management by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after purchasing an additional 3,668,441 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Annaly Capital Management by 274,965.9% during the 1st quarter. Balyasny Asset Management L.P. now owns 3,168,759 shares of the real estate investment trust’s stock valued at $60,555,000 after purchasing an additional 3,167,607 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.8 %

NYSE:NLY opened at $18.44 on Monday. 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, Inc. has a fifty-two week low of $14.52 and a fifty-two week high of $21.07. The firm has a 50-day simple moving average of $19.20 and a two-hundred day simple moving average of $18.62.

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 paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 14.10%. Annaly Capital Management’s dividend payout ratio is currently -72.02%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

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.