Choreo LLC Sells 3,202 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Choreo LLC trimmed its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,428 shares of the real estate investment trust’s stock after selling 3,202 shares during the period. Choreo LLC’s holdings in Annaly Capital Management were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NLY. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares in the last quarter. Blue Trust Inc. raised its holdings in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares in the last quarter. Toth Financial Advisory Corp grew its position in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the period. UMB Bank n.a. boosted its holdings in shares of Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,030 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,200 shares during the period. 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 opened at $21.24 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 4.66 and a beta of 1.52. The business has a 50-day moving average of $19.46 and a 200 day moving average of $19.74. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.29.

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

Annaly Capital Management Announces Dividend

The firm 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 of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.24%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. 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 note on Friday, January 31st. Argus upgraded 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. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $21.44.

About Annaly Capital Management

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.