Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Plan Group Financial LLC

Plan Group Financial LLC increased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,388 shares of the real estate investment trust’s stock after acquiring an additional 3,678 shares during the period. Plan Group Financial LLC’s holdings in Annaly Capital Management were worth $776,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Annaly Capital Management by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after purchasing an additional 109,655 shares during the period. State Street Corp lifted its position in Annaly Capital Management by 1.3% during the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after buying an additional 223,294 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Annaly Capital Management by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after acquiring an additional 241,465 shares in the last quarter. KBC Group NV boosted its position in 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 purchasing an additional 3,664,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 valued at $79,900,000 after purchasing an additional 3,350,435 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

NLY has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price 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. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $21.39 on Wednesday. The firm has a fifty day moving average of $19.52 and a 200-day moving average of $19.76. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $21.50. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 4.78 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.16%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is presently 163.52%.

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.