Cordatus Wealth Management LLC Invests $232,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Cordatus Wealth Management LLC acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,675 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Other institutional investors have also made changes to their positions in the company. 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 during the period. Blue Trust Inc. increased its stake in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares during the period. UMB Bank n.a. increased its stake in Annaly Capital Management by 65.7% during the fourth 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 period. Wolverine Asset Management LLC bought a new position in Annaly Capital Management during the fourth quarter valued at about $50,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in Annaly Capital Management by 68.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,200 shares during the period. 51.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Annaly Capital Management Trading Up 0.7 %

NYSE NLY opened at $21.71 on Friday. The stock’s 50 day moving average is $19.59 and its two-hundred day moving average is $19.78. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 4.85 and a beta of 1.52. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.73.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS 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%. On average, analysts predict 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 announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 11.98%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is currently 163.52%.

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.