Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,426,571 shares of the real estate investment trust's stock after purchasing an additional 8,272,674 shares during the quarter. Price T Rowe Associates Inc. MD owned 6.14% of Annaly Capital Management worth $630,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NLY. Proffitt & Goodson Inc. lifted its holdings in shares of Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after acquiring an additional 505 shares during the last quarter. Cannell & Spears LLC increased its stake in Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 518 shares during the period. LVZ Inc. lifted its holdings in Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 521 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares during the period. 51.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. 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. Barclays assumed 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 price objective for the company. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Keefe, Bruyette & Woods dropped 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 note on Tuesday, April 8th. Finally, JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.08.

Annaly Capital Management Price Performance

NYSE NLY traded up $0.26 during trading on Monday, hitting $19.47. The company's stock had a trading volume of 6,728,802 shares, compared to its average volume of 6,024,910. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company has a market cap of $11.63 billion, a PE ratio of 12.25, a P/E/G ratio of 4.89 and a beta of 1.31. The business's 50 day simple moving average is $20.20 and its 200-day simple moving average is $19.80.

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, topping 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%. Analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.38%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 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.