New York Life Investment Management LLC Acquires 3,549 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

New York Life Investment Management LLC grew its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.8% during the fourth quarter, HoldingsChannel reports. The firm owned 55,882 shares of the real estate investment trust’s stock after purchasing an additional 3,549 shares during the quarter. New York Life Investment Management LLC’s holdings in Annaly Capital Management were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NLY. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,170,965 shares of the real estate investment trust’s stock worth $332,602,000 after acquiring an additional 300,457 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Annaly Capital Management by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,021,427 shares of the real estate investment trust’s stock valued at $56,833,000 after buying an additional 64,850 shares during the period. Invesco Ltd. lifted its position in Annaly Capital Management by 14.4% during the 3rd quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after acquiring an additional 269,758 shares during the period. Van ECK Associates Corp boosted its stake in Annaly Capital Management by 34.4% during the fourth quarter. Van ECK Associates Corp now owns 1,785,526 shares of the real estate investment trust’s stock worth $34,586,000 after acquiring an additional 456,639 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Annaly Capital Management by 1,505.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock valued at $32,482,000 after purchasing an additional 1,572,487 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NLY shares. Compass Point initiated coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Finally, Jonestrading restated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.08.

Annaly Capital Management Trading Up 0.1 %

NYSE:NLY opened at $19.65 on Wednesday. The company has a market cap of $9.83 billion, a PE ratio of -20.25 and a beta of 1.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.58. The company has a 50 day simple moving average of $19.17 and a two-hundred day simple moving average of $18.73. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the previous year, the company posted $0.81 earnings per share. Research analysts forecast that Annaly Capital Management, Inc. will post 2.62 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.23%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

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.