JPMorgan Chase & Co. Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

JPMorgan Chase & Co. raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 21.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,057,037 shares of the real estate investment trust's stock after buying an additional 541,869 shares during the quarter. JPMorgan Chase & Co. owned about 0.55% of Annaly Capital Management worth $61,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Annaly Capital Management by 8.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust's stock valued at $361,061,000 after acquiring an additional 1,342,056 shares in the last quarter. State Street Corp boosted its position in shares of Annaly Capital Management by 1.3% in the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust's stock worth $360,296,000 after purchasing an additional 223,294 shares in the last quarter. Geode Capital Management LLC grew its stake in Annaly Capital Management by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock worth $172,988,000 after buying an additional 241,465 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock valued at $79,900,000 after buying an additional 3,350,435 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust's stock valued at $40,200,000 after buying an additional 138,320 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock traded up $0.60 during trading on Friday, hitting $18.98. 8,359,512 shares of the company's stock were exchanged, compared to its average volume of 8,646,105. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of -271.14 and a beta of 1.51. The business has a 50-day simple moving average of $19.39 and a 200-day simple moving average of $19.75. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period last year, the firm earned $0.66 EPS. On average, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.70%. Annaly Capital Management's dividend payout ratio is presently -3,714.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NLY shares. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

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.