APG Asset Management N.V. Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

APG Asset Management N.V. purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 277,800 shares of the real estate investment trust's stock, valued at approximately $4,909,000.

A number of other large investors also recently modified their holdings of the company. Assetmark Inc. acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $31,000. Blue Trust Inc. raised its position in Annaly Capital Management by 78.5% in 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 during the period. Larson Financial Group LLC boosted its position in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 valued at $45,000 after buying an additional 549 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,030 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

NLY has been the topic of a number of recent research reports. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Keefe, Bruyette & Woods decreased their price target on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.29.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded up $0.33 on Monday, hitting $17.83. The company's stock had a trading volume of 10,844,711 shares, compared to its average volume of 5,900,062. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock's 50-day moving average is $20.68 and its two-hundred day moving average is $19.89.

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 for the quarter, topping 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%. Equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 15.70%. Annaly Capital Management's payout ratio is 176.10%.

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.