Invesco Ltd. increased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 32.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,364,385 shares of the real estate investment trust's stock after purchasing an additional 580,789 shares during the period. Invesco Ltd. owned 0.42% of Annaly Capital Management worth $43,268,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares during the last quarter. Larson Financial Group LLC grew its stake in 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 valued at $39,000 after purchasing an additional 549 shares in the last quarter. 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. grew its position in shares of Annaly Capital Management by 65.7% in 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 acquiring an additional 1,030 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.
Annaly Capital Management Trading Up 4.3 %
NYSE:NLY traded up $0.75 on Tuesday, reaching $18.34. 6,361,386 shares of the stock traded hands, compared to its average volume of 5,987,159. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The company's 50 day moving average is $20.35 and its 200-day moving average is $19.81.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released its 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 net margin of 20.70% and a return on equity of 14.95%. On average, equities research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS 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 paid a $0.70 dividend. The ex-dividend date 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 annualized dividend and a yield of 15.27%. Annaly Capital Management's payout ratio is 176.10%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NLY. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada reiterated 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 Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays initiated 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 target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.07.
Read Our Latest Report on Annaly Capital Management
Annaly Capital Management Profile
(
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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