Corebridge Financial Inc. Has $11.61 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Corebridge Financial Inc. lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 634,275 shares of the real estate investment trust’s stock after purchasing an additional 41,804 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Annaly Capital Management worth $11,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NLY. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. KBC Group NV boosted 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 acquiring an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Annaly Capital Management by 531.3% during 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 acquiring an additional 3,350,435 shares during the last quarter. PL Capital Advisors LLC raised its stake in shares of Annaly Capital Management by 1,730.0% in the 4th 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 acquiring an additional 2,640,032 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its stake in shares of Annaly Capital Management by 5,113.5% in the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after acquiring an additional 773,215 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $21.39 on Wednesday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11. The stock has a market cap of $12.37 billion, a PE ratio of 13.45, a PEG ratio of 4.89 and a beta of 1.53. The firm has a 50-day simple moving average of $20.88 and a 200 day simple moving average of $20.04.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Research analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.70 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.09%. Annaly Capital Management’s dividend payout ratio is currently 176.10%.

Analysts Set New Price Targets

Several equities analysts have commented on NLY shares. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, Barclays started coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

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.