Frank Rimerman Advisors LLC Lowers Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Frank Rimerman Advisors LLC decreased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,011 shares of the real estate investment trust’s stock after selling 4,713 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Annaly Capital Management were worth $183,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NLY. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Annaly Capital Management by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,864 shares of the real estate investment trust’s stock worth $19,505,000 after buying an additional 40,781 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Annaly Capital Management by 213.7% in the third quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 38,361 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Annaly Capital Management in the third quarter worth about $239,000. CIBC Asset Management Inc boosted its stake in shares of Annaly Capital Management by 6.0% in the third quarter. CIBC Asset Management Inc now owns 17,627 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 1,001 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Annaly Capital Management by 15.4% in the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 6,469 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $21.85 on Tuesday. The business has a 50 day simple moving average of $20.48 and a two-hundred day simple moving average of $19.97. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The stock has a market capitalization of $12.63 billion, a P/E ratio of 13.74, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating 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, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.82%. The ex-dividend date is Monday, March 31st. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is currently 163.52%.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

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.