Mutual of America Capital Management LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,105 shares of the real estate investment trust’s stock after purchasing an additional 25,329 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Annaly Capital Management worth $5,419,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of NLY. State of Alaska Department of Revenue boosted its stake in Annaly Capital Management by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 58,209 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 3,950 shares during the period. Farther Finance Advisors LLC boosted its stake in Annaly Capital Management by 76.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,372 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,891 shares during the period. Janney Montgomery Scott LLC boosted its stake in Annaly Capital Management by 3.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 135,197 shares of the real estate investment trust’s stock worth $2,713,000 after purchasing an additional 4,586 shares during the period. Van ECK Associates Corp boosted its stake in Annaly Capital Management by 19.2% during the 3rd quarter. Van ECK Associates Corp now owns 1,912,803 shares of the real estate investment trust’s stock worth $37,395,000 after purchasing an additional 308,618 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Annaly Capital Management by 213.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 39,351 shares of the real estate investment trust’s stock worth $790,000 after purchasing an additional 26,794 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.
Analyst Ratings Changes
NLY has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average price target of $21.44.
Annaly Capital Management Stock Down 1.6 %
Shares of NLY opened at $21.61 on Tuesday. The company has a 50-day simple moving average of $19.94 and a 200-day simple moving average of $19.88. The company has a market capitalization of $12.50 billion, a PE ratio of 13.59, a P/E/G ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.05.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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%. On average, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.
Annaly Capital Management Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.03%. Annaly Capital Management’s dividend payout ratio is presently 163.52%.
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.
Read More
- Five stocks we like better than Annaly Capital Management
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- Why is the Ex-Dividend Date Significant to Investors?
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- What is the Euro STOXX 50 Index?
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
Want to see what other hedge funds are holding NLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Annaly Capital Management, Inc. (NYSE:NLY – Free Report).
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.