Almitas Capital LLC Invests $7.15 Million in Annaly Capital Management, Inc. (NYSE:NLY)

Almitas Capital LLC acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 390,718 shares of the real estate investment trust's stock, valued at approximately $7,150,000. Annaly Capital Management accounts for about 1.6% of Almitas Capital LLC's portfolio, making the stock its 13th largest holding. Almitas Capital LLC owned approximately 0.07% of Annaly Capital Management as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. grew its holdings in shares of Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 505 shares during the last quarter. Cannell & Spears LLC raised its stake in shares of Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after buying an additional 518 shares during the last quarter. LVZ Inc. lifted its holdings in Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 521 shares during the period. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 549 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 549 shares during the period. Institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

NLY has been the topic of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Jones Trading reissued a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Piper Sandler lowered their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average price target of $21.10.

Annaly Capital Management Stock Performance

Shares of NLY traded up $0.14 during mid-day trading on Wednesday, reaching $19.16. 2,185,407 shares of the company were exchanged, compared to its average volume of 6,105,012. Annaly Capital Management, Inc. has a 52 week low of $16.60 and a 52 week high of $22.11. The business has a 50 day simple moving average of $19.88 and a two-hundred day simple moving average of $19.77. The stock has a market capitalization of $11.45 billion, a PE ratio of 12.05, a PEG ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The company had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. On average, analysts predict 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 was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 14.62%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is presently 314.61%.

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.