HighPoint Advisor Group LLC Purchases 1,628 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

HighPoint Advisor Group LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,960 shares of the real estate investment trust’s stock after acquiring an additional 1,628 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Annaly Capital Management were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. acquired a new position in Annaly Capital Management in the 4th quarter valued at $31,000. Blue Trust Inc. raised its stake in Annaly Capital Management by 78.5% in the fourth 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 in the last quarter. Larson Financial Group LLC lifted its position in 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 purchasing an additional 549 shares during the period. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 549 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 1,030 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.2 %

NYSE NLY opened at $20.13 on Thursday. The company has a market cap of $11.64 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The business’s fifty day moving average is $21.04 and its 200 day moving average is $20.05.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 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%. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.91%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is presently 176.10%.

Wall Street Analysts Forecast Growth

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

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.