Vanguard Group Inc. Acquires 5,859,104 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Vanguard Group Inc. raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,721,696 shares of the real estate investment trust's stock after purchasing an additional 5,859,104 shares during the quarter. Vanguard Group Inc. owned approximately 9.76% of Annaly Capital Management worth $1,001,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Annaly Capital Management by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after buying an additional 109,655 shares in the last quarter. State Street Corp increased its position in Annaly Capital Management by 1.3% in the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock valued at $360,296,000 after acquiring an additional 223,294 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock worth $172,988,000 after acquiring an additional 241,465 shares during the last quarter. KBC Group NV lifted its position in shares of Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after purchasing an additional 3,664,098 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 325,542 shares during 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 research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective for the company. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.44.

Annaly Capital Management Stock Down 0.0 %

NYSE NLY traded down $0.01 on Wednesday, reaching $20.09. The company had a trading volume of 1,745,263 shares, compared to its average volume of 5,510,136. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 4.89 and a beta of 1.53. The stock's 50 day moving average is $21.02 and its 200-day moving average is $20.05.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend 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 13.94%. 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.