Evoke Wealth LLC Has $1.83 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Evoke Wealth LLC trimmed its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 48.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,535 shares of the real estate investment trust’s stock after selling 89,352 shares during the period. Evoke Wealth LLC’s holdings in Annaly Capital Management were worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proffitt & Goodson Inc. increased its holdings in Annaly Capital Management by 1.0% during the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 505 shares in the last quarter. LVZ Inc. increased its stake in shares of Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 521 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 549 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 549 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 562 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 0.4 %

NYSE NLY opened at $21.93 on Wednesday. The stock has a 50-day simple moving average of $20.55 and a 200 day simple moving average of $19.99. The company has a market capitalization of $12.68 billion, a PE ratio of 13.79, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.77%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s payout ratio is presently 176.10%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

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.