Amalgamated Bank grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,792 shares of the real estate investment trust's stock after purchasing an additional 26,954 shares during the period. Amalgamated Bank's holdings in Annaly Capital Management were worth $4,864,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Annaly Capital Management by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust's stock valued at $73,950,000 after buying an additional 325,542 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Annaly Capital Management by 87.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 139,796 shares of the real estate investment trust's stock valued at $2,558,000 after purchasing an additional 65,400 shares in the last quarter. Bell Bank boosted its position in shares of Annaly Capital Management by 21.8% during the 4th quarter. Bell Bank now owns 127,093 shares of the real estate investment trust's stock valued at $2,326,000 after acquiring an additional 22,776 shares in the last quarter. Cordatus Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $232,000. Finally, Wolverine Asset Management LLC bought a new stake in Annaly Capital Management in the fourth quarter valued at $50,000. 51.56% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NLY. 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. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Barclays began coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average target price of $21.44.
Read Our Latest Research Report on NLY
Annaly Capital Management Stock Performance
Shares of NLY stock traded down $0.35 during midday trading on Monday, hitting $21.61. 7,784,226 shares of the company were exchanged, compared to its average volume of 7,511,362. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.05. The firm has a market capitalization of $12.50 billion, a P/E ratio of 13.59, a PEG ratio of 4.89 and a beta of 1.52. The firm's 50 day moving average price is $19.89 and its two-hundred day moving average price is $19.86.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (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%. Analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.03%. Annaly Capital Management's dividend payout ratio (DPR) is presently 163.52%.
About Annaly Capital Management
(
Free Report)
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.
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