KBC Group NV Purchases 3,664,098 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

KBC Group NV raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 238.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,198,020 shares of the real estate investment trust’s stock after buying an additional 3,664,098 shares during the quarter. KBC Group NV owned 0.93% of Annaly Capital Management worth $95,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NLY. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares during the period. UMB Bank n.a. grew its stake in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. raised its holdings in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares in the last quarter. Quarry LP bought a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $36,000. Finally, Toth Financial Advisory Corp lifted its position in shares of Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $19.49 on Monday. The business has a 50-day moving average price of $19.25 and a two-hundred day moving average price of $19.70. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $21.11.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NLY shares. JPMorgan Chase & Co. lowered their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday. Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Annaly Capital Management Company Profile

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.