Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 13,358 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,799 shares of the real estate investment trust's stock after buying an additional 13,358 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Annaly Capital Management were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal London Asset Management Ltd. increased its position in shares of Annaly Capital Management by 57.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 404,840 shares of the real estate investment trust's stock worth $7,409,000 after acquiring an additional 146,905 shares in the last quarter. Algebris UK Ltd grew its position in Annaly Capital Management by 14.2% in the fourth quarter. Algebris UK Ltd now owns 831,453 shares of the real estate investment trust's stock worth $14,695,000 after acquiring an additional 103,401 shares in the last quarter. Xponance Inc. increased its stake in shares of Annaly Capital Management by 20.6% during the 4th quarter. Xponance Inc. now owns 110,115 shares of the real estate investment trust's stock worth $2,015,000 after purchasing an additional 18,809 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Annaly Capital Management by 3.1% in the 4th quarter. Intech Investment Management LLC now owns 18,933 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 571 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Annaly Capital Management during the fourth quarter worth $2,740,000. 51.56% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently commented on NLY. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays initiated 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. JPMorgan Chase & Co. lifted their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $21.44.

Annaly Capital Management Stock Performance

NLY stock traded down $0.44 during midday trading on Friday, hitting $20.66. 12,390,336 shares of the company's stock were exchanged, compared to its average volume of 5,476,095. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The stock's fifty day moving average price is $20.97 and its 200-day moving average price is $20.06. The company has a market cap of $11.95 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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%. On average, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS 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. Investors of record on Monday, March 31st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.56%. Annaly Capital Management's dividend payout ratio (DPR) is presently 176.10%.

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.