Atria Wealth Solutions Inc. Buys 18,227 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Atria Wealth Solutions Inc. lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 17.0% in the 4th quarter, HoldingsChannel reports. The fund owned 125,526 shares of the real estate investment trust’s stock after purchasing an additional 18,227 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Annaly Capital Management were worth $2,446,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in shares of Annaly Capital Management by 7.0% in the third quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 709 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in 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 worth $1,310,000 after purchasing an additional 717 shares in the last quarter. Fifth Third Bancorp boosted its position in Annaly Capital Management by 37.9% during the third quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 773 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Annaly Capital Management by 2.8% during the third quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 800 shares in the last quarter. Finally, Bell Bank boosted its position in Annaly Capital Management by 0.7% during the third quarter. Bell Bank now owns 113,786 shares of the real estate investment trust’s stock worth $2,140,000 after purchasing an additional 803 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $18.88 on Monday. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a quick ratio of 1.22, a current ratio of 0.10 and a debt-to-equity ratio of 1.58. The stock has a 50 day moving average price of $19.11 and a 200 day moving average price of $18.63.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter last year, the firm earned $0.81 earnings per share. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.54 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 13.77%. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NLY. Jonestrading reiterated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday. Compass Point began coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.08.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was 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 owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

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.