Perigon Wealth Management LLC Purchases 3,770 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Perigon Wealth Management LLC boosted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,421 shares of the real estate investment trust’s stock after acquiring an additional 3,770 shares during the quarter. Perigon Wealth Management LLC’s holdings in Annaly Capital Management were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lebenthal Global Advisors LLC increased its stake in shares of Annaly Capital Management by 37.5% during the 4th quarter. Lebenthal Global Advisors LLC now owns 61,585 shares of the real estate investment trust’s stock worth $1,127,000 after purchasing an additional 16,806 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in Annaly Capital Management in the fourth quarter worth $408,000. Pacer Advisors Inc. increased its position in Annaly Capital Management by 2.5% during the fourth quarter. Pacer Advisors Inc. now owns 131,679 shares of the real estate investment trust’s stock worth $2,410,000 after buying an additional 3,215 shares during the last quarter. KBC Group NV raised its holdings in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after buying an additional 3,664,098 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of 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 worth $33,000 after buying an additional 717 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 3.3 %

NLY stock opened at $20.42 on Friday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a market cap of $11.45 billion, a PE ratio of -291.69 and a beta of 1.51. The business’s 50-day simple moving average is $19.27 and its 200 day simple moving average is $19.70.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is -3,714.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NLY. 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 report on Thursday, October 31st. Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.22.

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.