Annaly Capital Management Inc $NLY Stake Raised by Fortem Financial Group LLC

Fortem Financial Group LLC raised its holdings in Annaly Capital Management Inc (NYSE:NLY) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,851 shares of the real estate investment trust’s stock after acquiring an additional 31,912 shares during the quarter. Fortem Financial Group LLC’s holdings in Annaly Capital Management were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NLY. Fourth Dimension Wealth LLC raised its holdings in shares of Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $29,000. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $31,000. TD Private Client Wealth LLC grew its position in Annaly Capital Management by 361.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,178 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Annaly Capital Management in the fourth quarter worth approximately $37,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the topic of several research reports. JonesTrading reaffirmed a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $22.20 on Friday. The firm’s 50 day simple moving average is $22.05 and its 200-day simple moving average is $22.46. The company has a market cap of $16.26 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 6.78 and a beta of 1.17. Annaly Capital Management Inc has a fifty-two week low of $18.64 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million for the quarter, compared to analyst estimates of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 13.5%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. Annaly Capital Management’s dividend payout ratio is presently 94.59%.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.