Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 27.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,523 shares of the real estate investment trust's stock after selling 66,285 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Annaly Capital Management were worth $3,249,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NLY. KBC Group NV raised its stake in shares of Annaly Capital Management by 238.9% during the 4th 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Annaly Capital Management by 531.3% during the third 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 period. PL Capital Advisors LLC lifted its holdings in Annaly Capital Management by 1,730.0% during the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock valued at $51,105,000 after purchasing an additional 2,640,032 shares in the last quarter. ORG Wealth Partners LLC grew its position in shares of Annaly Capital Management by 5,113.5% in the fourth 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 period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth about $12,676,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. 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. Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective on the stock. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued 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 a consensus price target of $21.44.

Annaly Capital Management Trading Down 0.6 %

NLY traded down $0.13 on Wednesday, hitting $21.79. The company had a trading volume of 5,791,561 shares, compared to its average volume of 7,515,396. The company's fifty day moving average price is $20.55 and its 200 day moving average price is $19.99. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11. The firm has a market cap of $12.60 billion, a P/E ratio of 13.71, a PEG ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping 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 predict 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 declared 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 is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.85%. Annaly Capital Management's dividend 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.