Resona Asset Management Co. Ltd. Purchases New Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 85,540 shares of the real estate investment trust's stock, valued at approximately $1,578,000.

Several other institutional investors have also recently made changes to their positions in NLY. Norges Bank purchased a new position in shares of Annaly Capital Management during the 4th quarter worth $127,397,000. Vanguard Group Inc. lifted its position in Annaly Capital Management by 12.0% during the fourth 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 in the last quarter. KBC Group NV grew its holdings in Annaly Capital Management by 238.9% during the fourth 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 during the period. PL Capital Advisors LLC increased its position in 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 buying an additional 2,640,032 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in 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. Institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NLY shares. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped 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. Finally, Keefe, Bruyette & Woods cut their price target on Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $21.29.

Annaly Capital Management Trading Up 1.4 %

NLY traded up $0.25 during trading hours on Tuesday, hitting $18.08. The company's stock had a trading volume of 3,253,372 shares, compared to its average volume of 5,890,179. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 4.89 and a beta of 1.31. The business's 50-day moving average price is $20.68 and its 200-day moving average price is $19.89. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced 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. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 15.49%. Annaly Capital Management's payout ratio is 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.