Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Corebridge Financial Inc.

Corebridge Financial Inc. grew its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 634,275 shares of the real estate investment trust's stock after acquiring an additional 41,804 shares during the period. Corebridge Financial Inc. owned about 0.11% of Annaly Capital Management worth $11,607,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 850 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares during the period. Assetmark Inc. purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its position in shares of 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 buying an additional 549 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 549 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 2.1 %

Shares of Annaly Capital Management stock traded down $0.44 on Friday, hitting $20.66. 12,390,336 shares of the company were exchanged, compared to its average volume of 5,476,095. The company has a 50-day moving average price of $20.99 and a 200 day moving average price of $20.06. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 13.56%. Annaly Capital Management's dividend payout ratio is 176.10%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NLY. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays started 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. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, 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 report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

Annaly Capital Management Company 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.