HighTower Advisors LLC Has $2.05 Million Position in Annaly Capital Management Inc $NLY

HighTower Advisors LLC cut its holdings in Annaly Capital Management Inc (NYSE:NLY) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,536 shares of the real estate investment trust’s stock after selling 23,371 shares during the quarter. HighTower Advisors LLC’s holdings in Annaly Capital Management were worth $2,047,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Annaly Capital Management by 394.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after purchasing an additional 4,286,893 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Annaly Capital Management by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Annaly Capital Management during the fourth quarter worth $63,699,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Annaly Capital Management by 833.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock worth $59,318,000 after purchasing an additional 2,607,784 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NLY shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JonesTrading reiterated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Stock Down 0.3%

NLY opened at $23.33 on Friday. The stock has a market cap of $17.58 billion, a P/E ratio of 5.85, a P/E/G ratio of 6.09 and a beta of 1.16. Annaly Capital Management Inc has a 12 month low of $20.00 and a 12 month high of $24.52. The company has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $22.40.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. On average, equities research analysts expect that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.75 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. This represents a $3.00 annualized dividend and a yield of 12.9%. Annaly Capital Management’s dividend payout ratio is 75.19%.

Annaly Capital Management Company 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.