Annaly Capital Management, Inc. (NYSE:NLY) Shares Sold by Lbp Am Sa

Lbp Am Sa cut its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 57.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,320 shares of the real estate investment trust’s stock after selling 199,264 shares during the quarter. Lbp Am Sa’s holdings in Annaly Capital Management were worth $2,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted 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 worth $332,665,000 after acquiring an additional 109,655 shares during the last quarter. State Street Corp raised its stake 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 worth $360,296,000 after purchasing an additional 223,294 shares during the period. Geode Capital Management LLC raised its stake 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 worth $172,988,000 after purchasing an additional 241,465 shares during the period. KBC Group NV raised its stake 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 worth $95,124,000 after purchasing an additional 3,664,098 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 worth $73,950,000 after purchasing an additional 325,542 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $21.63 on Friday. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The company’s 50 day simple moving average is $20.42 and its 200-day simple moving average is $19.96. Annaly Capital Management, Inc. has a 1 year low of $17.67 and a 1 year high of $22.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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%. Equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.70 dividend. 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 12.94%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s payout ratio is 163.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. lifted 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 note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

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.