PFG Investments LLC lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 145.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,414 shares of the real estate investment trust's stock after buying an additional 52,372 shares during the quarter. PFG Investments LLC's holdings in Annaly Capital Management were worth $1,741,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Selway Asset Management bought a new position in Annaly Capital Management in the 3rd quarter valued at $26,000. Core Wealth Advisors Inc. boosted its holdings in Annaly Capital Management by 222.2% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new stake in Annaly Capital Management in the first quarter worth about $29,000. GAMMA Investing LLC bought a new stake in Annaly Capital Management during the 4th quarter worth about $33,000. Finally, First United Bank & Trust bought a new stake in Annaly Capital Management during the 4th quarter worth about $33,000. 51.56% of the stock is owned by institutional investors.
Insider Activity
In related 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 sale, the chief executive officer now directly owns 662,469 shares of the company's stock, valued at approximately $12,606,785.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NLY. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Jonestrading reiterated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Finally, Compass Point started coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a "buy" rating and a $22.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.07.
Get Our Latest Research Report on Annaly Capital Management
Annaly Capital Management Trading Up 1.0 %
NLY stock traded up $0.19 during midday trading on Friday, hitting $18.88. 4,947,414 shares of the company's stock were exchanged, compared to its average volume of 2,951,652. Annaly Capital Management, Inc. has a one year low of $14.52 and a one year high of $21.07. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.22 and a current ratio of 0.10. The company has a market cap of $9.45 billion, a PE ratio of -19.46 and a beta of 1.54. The stock's fifty day moving average price is $19.11 and its 200-day moving average price is $18.63.
Annaly Capital Management Dividend Announcement
The firm also recently declared 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management's dividend payout ratio is currently -268.04%.
About Annaly Capital Management
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE:NLY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
