KLP Kapitalforvaltning AS Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

KLP Kapitalforvaltning AS acquired a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 149,084 shares of the real estate investment trust's stock, valued at approximately $2,811,000.

Several other large investors have also recently modified their holdings of the business. Assetmark Inc. bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Blue Trust Inc. grew its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 717 shares in the last quarter. Larson Financial Group LLC increased its stake in Annaly Capital Management by 34.4% in 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 during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Annaly Capital Management by 29.3% during the fourth 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 last quarter. Finally, UMB Bank n.a. grew its position in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,030 shares during the period. Institutional investors own 51.56% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. 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. Barclays began coverage on 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. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Stock Down 2.1 %

NLY stock traded down $0.44 during midday trading on Friday, hitting $20.66. The company's stock had a trading volume of 12,390,336 shares, compared to its average volume of 5,476,095. The firm 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. The company has a 50 day moving average of $20.99 and a two-hundred day moving average of $20.06. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly 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 return on equity of 14.95% and a net margin of 20.70%. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

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

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.