Principal Securities Inc. Acquires 1,451 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Principal Securities Inc. increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,993 shares of the real estate investment trust’s stock after purchasing an additional 1,451 shares during the period. Principal Securities Inc.’s holdings in Annaly Capital Management were worth $988,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NLY. Creative Planning raised its position in Annaly Capital Management by 8.3% in the 3rd quarter. Creative Planning now owns 56,506 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 4,335 shares during the last quarter. Raleigh Capital Management Inc. raised its position in Annaly Capital Management by 47.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 6,061 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,943 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Annaly Capital Management in the 3rd quarter valued at approximately $3,965,000. Signaturefd LLC raised its position in Annaly Capital Management by 13.4% in the 3rd quarter. Signaturefd LLC now owns 7,208 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 849 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Annaly Capital Management by 3.5% in the 3rd quarter. Private Advisor Group LLC now owns 114,159 shares of the real estate investment trust’s stock valued at $2,291,000 after buying an additional 3,864 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NLY. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Trading Up 0.6 %

NLY stock opened at $21.55 on Thursday. The firm has a market capitalization of $12.46 billion, a PE ratio of 13.55, a PEG ratio of 4.78 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.59. The business’s 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.77.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping 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 predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.07%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

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.