Newbridge Financial Services Group Inc. Purchases Shares of 38,565 Annaly Capital Management, Inc. (NYSE:NLY)

Newbridge Financial Services Group Inc. purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 38,565 shares of the real estate investment trust’s stock, valued at approximately $706,000.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in Annaly Capital Management by 209.9% during 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 period. UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. lifted its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Toth Financial Advisory Corp grew its position 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 valued at $48,000 after buying an additional 576 shares during the period. Finally, Bartlett & CO. Wealth Management LLC raised its position in shares of Annaly Capital Management by 68.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,200 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $20.50 on Friday. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $21.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.08 and a current ratio of 0.12. The company’s 50 day simple moving average is $19.35 and its 200-day simple moving average is $19.70. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 4.66 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.68%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 163.52%.

Analyst Ratings Changes

NLY has been the subject of a number of analyst reports. Barclays initiated coverage on 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. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.44.

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.