Retirement Systems of Alabama Buys 72,964 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Retirement Systems of Alabama lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 903,530 shares of the real estate investment trust's stock after purchasing an additional 72,964 shares during the period. Retirement Systems of Alabama owned 0.16% of Annaly Capital Management worth $16,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its position in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 850 shares during the period. UMB Bank n.a. lifted its position in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. increased 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. Toth Financial Advisory Corp increased its stake in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 576 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 1,200 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded up $0.11 during trading on Monday, reaching $20.64. 3,167,066 shares of the company traded hands, compared to its average volume of 6,458,185. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $11.57 billion, a PE ratio of 12.98, a P/E/G ratio of 4.66 and a beta of 1.52. The firm has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $19.70. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.60%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management's dividend payout ratio is currently 163.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NLY shares. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays started 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 target for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday. JPMorgan Chase & Co. increased 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. Finally, Argus upgraded shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

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.