Lbp Am Sa Reduces Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

LBP AM SA lessened its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 57.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,320 shares of the real estate investment trust's stock after selling 199,264 shares during the period. LBP AM SA's holdings in Annaly Capital Management were worth $2,714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its stake in Annaly Capital Management by 93.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock worth $5,043,000 after purchasing an additional 132,891 shares in the last quarter. Wellington Management Group LLP boosted its stake in Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after purchasing an additional 48,555 shares in the last quarter. Citigroup Inc. boosted its stake in 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 purchasing an additional 120,163 shares in the last quarter. Howard Financial Services LTD. bought a new position in Annaly Capital Management in the 4th quarter worth about $527,000. Finally, Tandem Financial LLC bought a new position in Annaly Capital Management in the 4th quarter worth about $327,000. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Trading Down 0.2 %

Shares of NLY stock traded down $0.05 on Thursday, reaching $21.76. The company's stock had a trading volume of 5,394,924 shares, compared to its average volume of 5,212,293. The stock's fifty day simple moving average is $20.61 and its 200-day simple moving average is $20.00. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.87%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's payout ratio is presently 176.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NLY shares. Barclays initiated 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. JPMorgan Chase & Co. boosted their target price 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. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management has a consensus rating of "Moderate Buy" and an average price target of $21.44.

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.