Guggenheim Capital LLC boosted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,121 shares of the real estate investment trust's stock after purchasing an additional 18,801 shares during the period. Guggenheim Capital LLC's holdings in Annaly Capital Management were worth $1,503,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invst LLC bought a new position in shares of Annaly Capital Management during the third quarter valued at approximately $741,000. McIlrath & Eck LLC purchased a new stake in Annaly Capital Management in the third quarter worth $63,000. Virtu Financial LLC purchased a new stake in Annaly Capital Management in the third quarter worth $879,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Annaly Capital Management during the third quarter worth $114,000. Finally, Tidal Investments LLC boosted its stake in shares of Annaly Capital Management by 11.7% during the third quarter. Tidal Investments LLC now owns 13,204 shares of the real estate investment trust's stock valued at $265,000 after purchasing an additional 1,385 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.
Annaly Capital Management Stock Performance
NYSE:NLY opened at $17.59 on Tuesday. The company's 50-day simple moving average is $20.40 and its 200-day simple moving average is $19.82. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The stock has a market capitalization of $10.51 billion, a P/E ratio of 11.06, a P/E/G ratio of 4.89 and a beta of 1.31.
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%. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. 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 yield of 15.92%. The ex-dividend date is Monday, March 31st. Annaly Capital Management's dividend payout ratio is currently 176.10%.
Wall Street Analyst Weigh In
NLY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.07.
Read Our Latest Stock Report on NLY
About Annaly Capital Management
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE:NLY - Free Report).
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