Thrivent Financial for Lutherans Lowers Position in Annaly Capital Management, Inc. (NYSE:NLY)

Thrivent Financial for Lutherans trimmed its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,310 shares of the real estate investment trust's stock after selling 22,065 shares during the period. Thrivent Financial for Lutherans' holdings in Annaly Capital Management were worth $4,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV lifted its position in Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after buying an additional 3,664,098 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Annaly Capital Management by 531.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust's stock worth $79,900,000 after acquiring an additional 3,350,435 shares during the last quarter. PL Capital Advisors LLC boosted its stake in shares of Annaly Capital Management by 1,730.0% during the 4th 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. ORG Wealth Partners LLC grew its holdings in Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust's stock valued at $14,427,000 after purchasing an additional 773,215 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Annaly Capital Management in the 4th quarter worth about $12,676,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have issued reports on NLY. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.44.

Annaly Capital Management Stock Down 2.1 %

Shares of Annaly Capital Management stock traded down $0.44 during midday trading on Friday, hitting $20.66. The company had a trading volume of 12,390,336 shares, compared to its average volume of 5,467,747. The company has a fifty day simple moving average of $20.97 and a 200 day simple moving average of $20.06. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 12.99, 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 quarterly earnings data 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 return on equity of 14.95% and a net margin of 20.70%. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 13.56%. Annaly Capital Management's payout ratio is currently 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.