Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 24.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,760 shares of the real estate investment trust’s stock after acquiring an additional 8,043 shares during the period. San Luis Wealth Advisors LLC’s holdings in Annaly Capital Management were worth $746,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP purchased a new stake in Annaly Capital Management in the second quarter valued at approximately $36,000. Toth Financial Advisory Corp raised its stake in Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the period. Finally, McIlrath & Eck LLC purchased a new position in Annaly Capital Management during the third quarter worth approximately $63,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NLY has been the topic of several research reports. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $18.37 on Wednesday. The company’s fifty day moving average price is $19.31 and its two-hundred day moving average price is $19.69. The firm has a market capitalization of $10.30 billion, a P/E ratio of -262.43 and a beta of 1.51. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the company earned $0.66 earnings per share. On average, sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 14.15%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

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.