Generali Asset Management SPA SGR Invests $2.74 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Generali Asset Management SPA SGR purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 149,716 shares of the real estate investment trust's stock, valued at approximately $2,740,000.

A number of other large investors also recently made changes to their positions in NLY. Allspring Global Investments Holdings LLC increased its stake in 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 purchasing an additional 109,655 shares during the last quarter. State Street Corp increased its stake in shares of Annaly Capital Management by 1.3% during 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 during the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $172,988,000 after purchasing an additional 241,465 shares during the period. KBC Group NV increased its position in 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in 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 worth $73,950,000 after purchasing an additional 325,542 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Annaly Capital Management Trading Down 0.3 %

NYSE:NLY traded down $0.06 during trading hours on Monday, hitting $21.63. The stock had a trading volume of 6,685,325 shares, compared to its average volume of 5,266,367. The company has a market cap of $12.51 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The business has a 50 day simple moving average of $20.75 and a two-hundred day simple moving average of $20.02. 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 announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share 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%. Research analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 12.95%. Annaly Capital Management's dividend payout ratio (DPR) is currently 176.10%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NLY. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. boosted their price target 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. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective on the stock. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Annaly Capital Management has an average 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.