Confluence Investment Management LLC Acquires Shares of 60,648 Annaly Capital Management, Inc. (NYSE:NLY)

Confluence Investment Management LLC purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,648 shares of the real estate investment trust's stock, valued at approximately $1,110,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NLY. Commonwealth Equity Services LLC raised its holdings in Annaly Capital Management by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 327,069 shares of the real estate investment trust's stock valued at $6,234,000 after buying an additional 875 shares during the period. Natixis Advisors LLC raised its stake in shares of Annaly Capital Management by 45.7% during the second quarter. Natixis Advisors LLC now owns 41,896 shares of the real estate investment trust's stock valued at $799,000 after purchasing an additional 13,132 shares during the period. Belpointe Asset Management LLC raised its stake in shares of Annaly Capital Management by 3.2% during the second quarter. Belpointe Asset Management LLC now owns 36,269 shares of the real estate investment trust's stock valued at $691,000 after purchasing an additional 1,115 shares during the period. TD Asset Management Inc boosted its stake in shares of Annaly Capital Management by 11.4% in the second quarter. TD Asset Management Inc now owns 107,466 shares of the real estate investment trust's stock valued at $2,048,000 after purchasing an additional 10,981 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Annaly Capital Management by 2.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,864,655 shares of the real estate investment trust's stock valued at $35,540,000 after purchasing an additional 47,116 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded up $0.60 during midday trading on Friday, reaching $18.98. 8,359,512 shares of the company's stock traded hands, compared to its average volume of 8,646,105. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -271.14 and a beta of 1.51. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The company's 50 day simple moving average is $19.39 and its 200 day simple moving average is $19.75.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the company posted $0.66 EPS. As a group, equities research analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.70%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of analyst reports. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus upgraded 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. Finally, JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $21.50.

Annaly Capital Management Company 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.