PFG Investments LLC Acquires 13,446 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PFG Investments LLC boosted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,505 shares of the real estate investment trust’s stock after purchasing an additional 13,446 shares during the quarter. PFG Investments LLC’s holdings in Annaly Capital Management were worth $2,205,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of 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 buying an additional 850 shares during the last quarter. UMB Bank n.a. boosted its position in Annaly Capital Management by 70.2% in the third 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 last quarter. Quarry LP purchased a new position in Annaly Capital Management in the second quarter worth about $36,000. Toth Financial Advisory Corp boosted its position in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake 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 buying an additional 1,200 shares during the period. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NLY. JPMorgan Chase & Co. decreased their price objective on 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. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.11.

Annaly Capital Management Price Performance

Shares of NLY opened at $19.49 on Monday. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.11. The stock’s 50 day moving average is $19.25 and its two-hundred day moving average is $19.70.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.34%. Annaly Capital Management’s payout ratio is -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.