PNC Financial Services Group Inc. Purchases 14,659 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PNC Financial Services Group Inc. boosted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 64.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,340 shares of the real estate investment trust's stock after buying an additional 14,659 shares during the period. PNC Financial Services Group Inc.'s holdings in Annaly Capital Management were worth $683,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stratos Wealth Advisors LLC lifted its holdings in Annaly Capital Management by 93.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after buying an additional 132,891 shares during the period. Wellington Management Group LLP raised its holdings in Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after purchasing an additional 48,555 shares during the period. Citigroup Inc. raised its holdings in Annaly Capital Management by 22.6% in the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after purchasing an additional 120,163 shares during the period. Howard Financial Services LTD. acquired a new stake in Annaly Capital Management in the fourth quarter worth $527,000. Finally, Tandem Financial LLC acquired a new stake in Annaly Capital Management in the fourth quarter worth $327,000. 51.56% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

NLY has been the topic of several analyst reports. Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.44.

Annaly Capital Management Stock Down 0.3 %

Shares of NYSE:NLY traded down $0.07 during midday trading on Friday, reaching $21.70. 12,576,229 shares of the company were exchanged, compared to its average volume of 5,251,249. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.11. The stock has a fifty day simple moving average of $20.75 and a two-hundred day simple moving average of $20.02. The firm has a market cap of $12.55 billion, a PE ratio of 13.64, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share 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 $0.70 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.91%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is 176.10%.

Annaly Capital Management 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.