Oppenheimer & Co. Inc. Purchases 12,921 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Oppenheimer & Co. Inc. raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,231 shares of the real estate investment trust’s stock after acquiring an additional 12,921 shares during the period. Oppenheimer & Co. Inc.’s holdings in Annaly Capital Management were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Annaly Capital Management by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock valued at $332,665,000 after acquiring an additional 109,655 shares during the last quarter. State Street Corp increased 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 acquiring an additional 223,294 shares during the last quarter. Geode Capital Management LLC increased its position in Annaly Capital Management by 2.9% during the third 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 during the last quarter. KBC Group NV increased its position in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after acquiring an additional 3,664,098 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Annaly Capital Management by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust’s stock valued at $73,950,000 after acquiring an additional 325,542 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analyst Ratings Changes

NLY has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.43 on Wednesday. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.05. The company has a 50-day moving average of $19.99 and a 200 day moving average of $19.89. The firm has a market cap of $12.39 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 12.14%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 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.