Allstate Corp Acquires New Position in Annaly Capital Management, Inc. (NYSE:NLY)

Allstate Corp acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,803 shares of the real estate investment trust's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NLY. Cerity Partners LLC lifted its position in Annaly Capital Management by 58.8% in the third quarter. Cerity Partners LLC now owns 34,996 shares of the real estate investment trust's stock valued at $702,000 after purchasing an additional 12,952 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Annaly Capital Management by 13.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 68,247 shares of the real estate investment trust's stock valued at $1,370,000 after buying an additional 8,136 shares during the last quarter. HighTower Advisors LLC raised its holdings in Annaly Capital Management by 15.0% during the 3rd quarter. HighTower Advisors LLC now owns 69,879 shares of the real estate investment trust's stock valued at $1,400,000 after buying an additional 9,141 shares during the last quarter. Investment Management Corp of Ontario boosted its position in Annaly Capital Management by 50.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 16,640 shares of the real estate investment trust's stock valued at $334,000 after buying an additional 5,600 shares during the period. Finally, RBF Capital LLC purchased a new position in shares of Annaly Capital Management in the third quarter valued at about $201,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 3.7 %

Annaly Capital Management stock traded down $0.69 on Monday, hitting $18.14. 14,914,514 shares of the stock traded hands, compared to its average volume of 5,682,219. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11. The firm has a market cap of $10.49 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. The business's fifty day simple moving average is $21.00 and its 200 day simple moving average is $20.01.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 15.44%. 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. Annaly Capital Management's dividend payout ratio (DPR) is 176.10%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NLY shares. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.