Wedmont Private Capital Boosts Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Wedmont Private Capital raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.0% during the 2nd quarter, Holdings Channel reports. The fund owned 20,440 shares of the real estate investment trust’s stock after purchasing an additional 1,334 shares during the period. Wedmont Private Capital’s holdings in Annaly Capital Management were worth $417,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Dupree Financial Group LLC bought a new position in Annaly Capital Management in the 4th quarter valued at $9,222,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Annaly Capital Management by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 159,622 shares of the real estate investment trust’s stock valued at $3,092,000 after acquiring an additional 4,079 shares in the last quarter. Natixis lifted its position in shares of Annaly Capital Management by 16,140.0% in the first quarter. Natixis now owns 68,208 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 67,788 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Annaly Capital Management during the fourth quarter worth approximately $2,721,000. Finally, Norges Bank purchased a new stake in Annaly Capital Management in the fourth quarter valued at $110,244,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NLY. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Jonestrading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, April 25th. Compass Point lifted their target price on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

Annaly Capital Management Trading Up 0.5 %

Shares of Annaly Capital Management stock traded up $0.09 during trading on Tuesday, hitting $19.83. 1,866,971 shares of the stock were exchanged, compared to its average volume of 3,608,620. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of -20.35 and a beta of 1.53. The company has a fifty day moving average price of $19.79 and a 200-day moving average price of $19.44. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same period in the previous year, the company earned $0.72 EPS. Equities research analysts forecast that Annaly Capital Management, Inc. will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.11%. The ex-dividend date of this dividend was Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

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.