Tandem Financial LLC Takes $327,000 Position in Annaly Capital Management, Inc. (NYSE:NLY)

Tandem Financial LLC bought a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,254 shares of the real estate investment trust’s stock, valued at approximately $327,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after purchasing an additional 48,555 shares in the last quarter. Citigroup Inc. boosted its holdings in Annaly Capital Management by 22.6% in the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after acquiring an additional 120,163 shares in the last quarter. Howard Financial Services LTD. acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $527,000. Stratos Wealth Advisors LLC increased its holdings in shares of Annaly Capital Management by 93.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock valued at $5,043,000 after acquiring an additional 132,891 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Annaly Capital Management by 38.4% during the fourth quarter. SG Americas Securities LLC now owns 367,234 shares of the real estate investment trust’s stock worth $6,720,000 after purchasing an additional 101,977 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

NLY stock opened at $20.66 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22. The firm has a market cap of $11.58 billion, a PE ratio of 12.99 and a beta of 1.52. The business has a 50 day moving average of $19.34 and a 200-day moving average of $19.70. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $21.11.

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 (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 expect that Annaly Capital Management, Inc. will post 2.72 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.59%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

Wall Street Analysts Forecast Growth

NLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada raised their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.