Rareview Capital LLC Makes New $950,000 Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Rareview Capital LLC acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 47,345 shares of the real estate investment trust’s stock, valued at approximately $950,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Commonwealth Equity Services LLC lifted its holdings in Annaly Capital Management by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 376,720 shares of the real estate investment trust’s stock worth $6,894,000 after buying an additional 23,350 shares during the period. PGGM Investments lifted its holdings in Annaly Capital Management by 6.0% in the 4th quarter. PGGM Investments now owns 572,828 shares of the real estate investment trust’s stock worth $10,483,000 after buying an additional 32,329 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Annaly Capital Management by 4.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112,339 shares of the real estate investment trust’s stock worth $2,102,000 after buying an additional 5,038 shares during the period. Swiss National Bank lifted its holdings in Annaly Capital Management by 2.6% in the 4th quarter. Swiss National Bank now owns 1,520,400 shares of the real estate investment trust’s stock worth $27,823,000 after buying an additional 38,700 shares during the period. Finally, Securian Asset Management Inc. lifted its holdings in Annaly Capital Management by 8.8% in the 4th quarter. Securian Asset Management Inc. now owns 42,376 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 3,417 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

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

Annaly Capital Management Trading Up 2.5 %

Shares of NLY opened at $21.63 on Friday. The business’s fifty day simple moving average is $20.42 and its two-hundred day simple moving average is $19.96. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared 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 an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) 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.