Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,638,216 shares of the real estate investment trust's stock after buying an additional 241,465 shares during the period. Geode Capital Management LLC owned about 1.54% of Annaly Capital Management worth $172,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. grew its holdings in shares of Annaly Capital Management by 22.6% in the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after acquiring an additional 120,163 shares during the period. Victory Capital Management Inc. grew its holdings in Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock valued at $40,200,000 after purchasing an additional 138,320 shares during the last quarter. State Street Corp increased its position in shares of Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock valued at $360,296,000 after buying an additional 223,294 shares in the last quarter. Clarity Financial LLC acquired a new position in shares of Annaly Capital Management during the 3rd quarter worth $6,687,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Annaly Capital Management by 213.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust's stock worth $1,130,000 after buying an additional 38,361 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NLY shares. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.02 during trading hours on Monday, reaching $19.76. 7,157,320 shares of the company were exchanged, compared to its average volume of 4,324,885. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of -282.57 and a beta of 1.51. The stock has a 50 day simple moving average of $19.65 and a 200 day simple moving average of $19.85. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, analysts predict that Annaly Capital Management, Inc. will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.16%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management's payout ratio is currently -3,714.29%.

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.