TrueMark Investments LLC Trims Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

TrueMark Investments LLC lessened its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 46.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,810 shares of the real estate investment trust’s stock after selling 15,401 shares during the period. TrueMark Investments LLC’s holdings in Annaly Capital Management were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Assetmark Inc. purchased a new position in shares of Annaly Capital Management during the 4th quarter worth $31,000. Blue Trust Inc. lifted its position 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 purchasing an additional 717 shares in the last quarter. Larson Financial Group LLC grew its holdings in Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 549 shares during the period. Smartleaf Asset Management LLC increased its position in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 549 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 1.1 %

Shares of NLY stock opened at $21.16 on Thursday. The company’s fifty day simple moving average is $20.93 and its two-hundred day simple moving average is $20.05. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The stock has a market cap of $12.24 billion, a P/E ratio of 13.31, a PEG ratio of 4.89 and a beta of 1.53.

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

Annaly Capital Management Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.23%. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

Analyst Ratings Changes

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

Annaly Capital Management 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.