Arizona State Retirement System Buys 1,005 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Arizona State Retirement System grew its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,746 shares of the real estate investment trust’s stock after acquiring an additional 1,005 shares during the period. Arizona State Retirement System’s holdings in Annaly Capital Management were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NLY. Clear Creek Financial Management LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter worth approximately $374,000. KG&L Capital Management LLC raised its stake in shares of Annaly Capital Management by 15.1% during the fourth quarter. KG&L Capital Management LLC now owns 34,098 shares of the real estate investment trust’s stock worth $660,000 after buying an additional 4,470 shares during the last quarter. Welch Group LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter worth approximately $295,000. Bell Bank raised its stake in shares of Annaly Capital Management by 2.4% during the fourth quarter. Bell Bank now owns 116,489 shares of the real estate investment trust’s stock worth $2,256,000 after buying an additional 2,703 shares during the last quarter. Finally, Activest Wealth Management bought a new stake in shares of Annaly Capital Management during the fourth quarter worth approximately $50,000. 51.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NLY shares. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Monday, February 12th. Jonestrading upped their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Compass Point started coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.19.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Annaly Capital Management Stock Down 4.4 %

Annaly Capital Management stock opened at $18.58 on Thursday. The stock has a market capitalization of $9.30 billion, a PE ratio of -5.15 and a beta of 1.54. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average of $19.23 and a 200-day moving average of $18.64.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.99%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s payout ratio is -72.02%.

Annaly Capital Management 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.