HUB Investment Partners LLC Sells 4,200 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

HUB Investment Partners LLC trimmed its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,692 shares of the real estate investment trust’s stock after selling 4,200 shares during the period. HUB Investment Partners LLC’s holdings in Annaly Capital Management were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NLY. Avior Wealth Management LLC raised its stake in Annaly Capital Management by 209.9% during the 3rd 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. Assetmark Inc. purchased a new stake in Annaly Capital Management during the fourth quarter valued at $31,000. Blue Trust Inc. lifted its holdings 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 acquiring an additional 717 shares during the period. Larson Financial Group LLC boosted its position in Annaly Capital Management by 34.4% in 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 last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3 %

NYSE:NLY opened at $21.70 on Friday. The stock has a 50-day moving average price of $20.75 and a 200 day moving average price of $20.02. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11. The stock has a market capitalization of $12.55 billion, a P/E ratio of 13.64, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, research 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.91%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio is 176.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NLY. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays initiated 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 for the company. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.