Brandywine Global Investment Management LLC Acquires 71,785 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Brandywine Global Investment Management LLC increased its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,447,037 shares of the real estate investment trust's stock after purchasing an additional 71,785 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.61% of Annaly Capital Management worth $63,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. bought a new position in shares of Annaly Capital Management during the fourth quarter worth about $31,000. Blue Trust Inc. grew 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 acquiring an additional 717 shares in the last quarter. Larson Financial Group LLC raised its holdings 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 valued at $39,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target on the stock. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Price Performance

NLY stock traded down $0.36 during midday trading on Monday, reaching $20.31. 13,013,993 shares of the company were exchanged, compared to its average volume of 5,506,186. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The business has a 50-day moving average price of $21.01 and a two-hundred day moving average price of $20.06.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping 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%. As a group, analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.79%. 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%.

About Annaly Capital Management

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.