Polymer Capital Management US LLC bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,445 shares of the real estate investment trust's stock, valued at approximately $264,000.
A number of other hedge funds have also added to or reduced their stakes in NLY. Norges Bank bought a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $127,397,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 12.0% in the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. KBC Group NV grew its position in shares of Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock valued at $95,124,000 after purchasing an additional 3,664,098 shares in the last quarter. PL Capital Advisors LLC increased its holdings in shares of Annaly Capital Management by 1,730.0% in the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock worth $51,105,000 after purchasing an additional 2,640,032 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Annaly Capital Management by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after buying an additional 814,917 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price on the stock. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.29.
Read Our Latest Stock Analysis on Annaly Capital Management
Annaly Capital Management Price Performance
Annaly Capital Management stock traded up $0.19 during mid-day trading on Friday, hitting $17.49. The company's stock had a trading volume of 12,507,040 shares, compared to its average volume of 5,880,267. The business has a 50 day moving average price of $20.74 and a 200-day moving average price of $19.91. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued 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 return on equity of 14.95% and a net margin of 20.70%. On average, equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 16.01%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management's payout ratio is presently 176.10%.
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.
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