Annaly Capital Management, Inc. (NYSE:NLY) Stock Holdings Boosted by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,911 shares of the real estate investment trust's stock after purchasing an additional 26,344 shares during the period. Cibc World Markets Corp's holdings in Annaly Capital Management were worth $3,439,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 850 shares during the period. Blue Trust Inc. raised its stake in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares during the period. Assetmark Inc. purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at $31,000. Larson Financial Group LLC grew its holdings in Annaly Capital Management by 34.4% during the 4th 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. Finally, Smartleaf Asset Management LLC increased its stake in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after buying an additional 549 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. Royal Bank of Canada reaffirmed 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Trading Down 1.0 %

Annaly Capital Management stock traded down $0.22 during mid-day trading on Tuesday, reaching $21.39. The company's stock had a trading volume of 7,648,695 shares, compared to its average volume of 5,266,077. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The business has a 50 day moving average price of $20.82 and a 200-day moving average price of $20.03. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 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 analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.70 per share. 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 dividend yield of 13.09%. Annaly Capital Management's dividend payout ratio 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.