Stratos Wealth Advisors LLC Acquires New Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Stratos Wealth Advisors LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 109,374 shares of the real estate investment trust's stock, valued at approximately $2,119,000.

A number of other hedge funds have also bought and sold shares of the business. Comerica Bank purchased a new stake in shares of Annaly Capital Management during the 2nd quarter valued at about $34,773,000. Invesco Ltd. increased its position in shares of Annaly Capital Management by 14.4% during the 3rd quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust's stock valued at $40,324,000 after purchasing an additional 269,758 shares during the last quarter. Barclays PLC increased its position in shares of Annaly Capital Management by 57.5% during the 2nd quarter. Barclays PLC now owns 733,068 shares of the real estate investment trust's stock valued at $14,668,000 after purchasing an additional 267,589 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Annaly Capital Management by 4.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust's stock worth $4,828,000 after acquiring an additional 10,404 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in Annaly Capital Management in the 2nd quarter worth approximately $6,003,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NLY stock traded up $0.02 during midday trading on Friday, hitting $19.23. The company's stock had a trading volume of 2,327,581 shares, compared to its average volume of 3,293,263. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of -5.33 and a beta of 1.54. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07. The company has a 50 day moving average of $19.26 and a two-hundred day moving average of $18.64.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.52%. Annaly Capital Management's dividend payout ratio is currently -72.02%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NLY. Jonestrading increased their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. StockNews.com raised shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a report on Saturday, January 27th. Finally, Compass Point began coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a "buy" rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus price target of $21.19.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company's stock.

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.