Edge Wealth Management LLC Has $1,425,000 Position in Annaly Capital Management, Inc. (NLY)

Edge Wealth Management LLC held its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,085 shares of the company’s stock at the end of the first quarter. Edge Wealth Management LLC’s holdings in Annaly Capital Management were worth $1,425,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $100,891,000. Equity Investment Corp Acquisition Inc bought a new stake in shares of Annaly Capital Management during the fourth quarter worth $51,065,000. Wells Fargo & Company MN boosted its stake in shares of Annaly Capital Management by 359.1% in the third quarter. Wells Fargo & Company MN now owns 5,725,179 shares of the company’s stock worth $60,114,000 after buying an additional 4,478,210 shares during the period. APG Asset Management N.V. boosted its stake in shares of Annaly Capital Management by 50.8% in the third quarter. APG Asset Management N.V. now owns 12,474,210 shares of the company’s stock worth $130,979,000 after buying an additional 4,201,300 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Annaly Capital Management by 47.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 9,841,910 shares of the company’s stock worth $98,123,000 after buying an additional 3,151,404 shares during the period. 53.74% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management, Inc. (NYSE:NLY) traded up 0.35% on Wednesday, reaching $11.53. 7,193,437 shares of the company traded hands. The company has a 50-day moving average price of $11.09 and a 200-day moving average price of $10.46. Annaly Capital Management, Inc. has a 12 month low of $9.83 and a 12 month high of $11.56. The company has a market capitalization of $11.75 billion, a P/E ratio of 8.29 and a beta of 0.19.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same quarter last year, the company posted $0.33 earnings per share. Equities research analysts expect that Annaly Capital Management, Inc. will post $1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.41%. The ex-dividend date is Wednesday, March 29th. Annaly Capital Management’s dividend payout ratio is currently 1,090.91%.

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NLY has been the subject of a number of research reports. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Tuesday, January 31st. Vetr raised shares of Annaly Capital Management from a “strong sell” rating to a “buy” rating and set a $11.60 price target for the company in a research report on Monday, March 13th. FBR & Co cut shares of Annaly Capital Management from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Tuesday, December 20th. Bank of America Corp cut shares of Annaly Capital Management from a “neutral” rating to an “underperform” rating in a research report on Thursday, December 15th. Finally, TheStreet raised shares of Annaly Capital Management from a “c” rating to a “b-” rating in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.21.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

5 Day Chart for NYSE:NLY

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