Swiss National Bank raised its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,520,400 shares of the real estate investment trust's stock after purchasing an additional 38,700 shares during the quarter. Swiss National Bank owned 0.27% of Annaly Capital Management worth $27,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC raised its position in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 850 shares in the last quarter. Assetmark Inc. purchased a new stake in Annaly Capital Management during the fourth quarter valued at about $31,000. Blue Trust Inc. lifted its stake in Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the last quarter. Larson Financial Group LLC lifted its stake in 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 purchasing an additional 549 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on NLY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report 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. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.44.
Read Our Latest Report on Annaly Capital Management
Annaly Capital Management Stock Performance
NLY stock traded down $0.07 on Friday, reaching $21.70. The company's stock had a trading volume of 12,555,123 shares, compared to its average volume of 5,246,994. The business has a fifty day simple moving average of $20.68 and a two-hundred day simple moving average of $20.01. The firm has a market cap of $12.55 billion, a PE ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $17.67 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 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, research analysts anticipate 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.91%. Annaly Capital Management's dividend payout ratio is 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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