390,718 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Bought by Almitas Capital LLC

Almitas Capital LLC bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 390,718 shares of the real estate investment trust's stock, valued at approximately $7,150,000. Annaly Capital Management makes up approximately 1.6% of Almitas Capital LLC's portfolio, making the stock its 13th largest position. Almitas Capital LLC owned about 0.07% of Annaly Capital Management at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after buying an additional 5,859,104 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Annaly Capital Management by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after purchasing an additional 8,272,674 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after buying an additional 109,655 shares during the period. Geode Capital Management LLC grew its position in shares of Annaly Capital Management by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after buying an additional 814,917 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after buying an additional 3,606,366 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded down $0.08 on Monday, reaching $19.24. The company's stock had a trading volume of 5,135,993 shares, compared to its average volume of 6,109,789. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The stock has a market capitalization of $11.50 billion, a P/E ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.25. The stock's 50-day moving average is $19.99 and its two-hundred day moving average is $19.78.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.70 dividend. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date was Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 14.55%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Piper Sandler dropped their price objective on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Royal Bank of Canada restated an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.10.

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.