Kovitz Investment Group Partners LLC Has $228,000 Stake in Annaly Capital Management Inc $NLY

Kovitz Investment Group Partners LLC reduced its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 18.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,248 shares of the real estate investment trust’s stock after selling 2,525 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Annaly Capital Management were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NLY. Vanguard Group Inc. lifted its holdings in Annaly Capital Management by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 56,356,579 shares of the real estate investment trust’s stock valued at $1,144,602,000 after purchasing an additional 1,634,883 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust’s stock valued at $630,007,000 after purchasing an additional 8,272,674 shares during the last quarter. Northern Trust Corp raised its position in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust’s stock valued at $138,853,000 after purchasing an additional 3,606,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Annaly Capital Management by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,711,288 shares of the real estate investment trust’s stock worth $86,217,000 after buying an additional 730,207 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Annaly Capital Management by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,105,471 shares of the real estate investment trust’s stock worth $83,382,000 after buying an additional 64,513 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. UBS Group reaffirmed a “neutral” rating and issued a $20.00 target price (up previously from $18.00) on shares of Annaly Capital Management in a research report on Thursday, July 10th. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Jones Trading reissued a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, July 24th. Finally, Royal Bank Of Canada reduced their price target on Annaly Capital Management from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, May 27th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus target price of $20.72.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $21.1350 on Friday. The business has a fifty day moving average price of $20.02 and a two-hundred day moving average price of $19.95. The stock has a market capitalization of $13.57 billion, a PE ratio of 20.93, a P/E/G ratio of 4.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management Inc has a fifty-two week low of $16.59 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The company had revenue of $273.20 million for the quarter, compared to analyst estimates of $237.00 million. As a group, equities analysts predict that Annaly Capital Management Inc will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend was Monday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 277.23%.

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.