Transce3nd LLC Invests $1.10 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Transce3nd LLC bought a new stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 59,984 shares of the real estate investment trust's stock, valued at approximately $1,100,000.

A number of other large investors have also made changes to their positions in the company. Sharpepoint LLC bought a new stake in Annaly Capital Management during the fourth quarter valued at approximately $897,000. MML Investors Services LLC grew its position in shares of Annaly Capital Management by 4.5% during the 4th quarter. MML Investors Services LLC now owns 62,382 shares of the real estate investment trust's stock valued at $1,142,000 after acquiring an additional 2,690 shares during the period. Natixis raised its holdings in Annaly Capital Management by 383.7% in the 4th quarter. Natixis now owns 36,061 shares of the real estate investment trust's stock worth $660,000 after purchasing an additional 28,605 shares during the period. MetLife Investment Management LLC lifted its position in Annaly Capital Management by 22.0% during the fourth quarter. MetLife Investment Management LLC now owns 315,988 shares of the real estate investment trust's stock valued at $5,783,000 after purchasing an additional 57,047 shares in the last quarter. Finally, Ossiam increased its position in Annaly Capital Management by 23.0% in the fourth quarter. Ossiam now owns 52,951 shares of the real estate investment trust's stock worth $969,000 after buying an additional 9,894 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Trading Up 1.5 %

NLY opened at $17.90 on Friday. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a 50-day moving average of $20.46 and a 200 day moving average of $19.83. The firm has a market cap of $10.69 billion, a P/E ratio of 11.25, a P/E/G ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.95% and a net margin of 20.70%. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 15.65%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is presently 176.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price on the stock. Three 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.07.

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.

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