Foundations Investment Advisors LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Foundations Investment Advisors LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,292 shares of the real estate investment trust’s stock, valued at approximately $408,000.

A number of other large investors have also bought and sold shares of NLY. Wellington Management Group LLP boosted its stake in Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after purchasing an additional 48,555 shares in the last quarter. Citigroup Inc. lifted its position in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after buying an additional 120,163 shares in the last quarter. Howard Financial Services LTD. bought a new stake in Annaly Capital Management during the 4th quarter worth about $527,000. SG Americas Securities LLC increased its position in Annaly Capital Management by 38.4% in the 4th quarter. SG Americas Securities LLC now owns 367,234 shares of the real estate investment trust’s stock valued at $6,720,000 after acquiring an additional 101,977 shares in the last quarter. Finally, Invst LLC bought a new position in shares of Annaly Capital Management in the third quarter worth about $741,000. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NLY has been the subject of a number of research reports. Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Royal Bank of Canada boosted their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.22.

Annaly Capital Management Price Performance

NYSE NLY opened at $20.42 on Friday. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $21.11. The firm has a market cap of $11.45 billion, a P/E ratio of -291.69 and a beta of 1.51. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $19.70.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 12.73%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s payout ratio is presently -3,714.29%.

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.