The Manufacturers Life Insurance Company Has $8.42 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

The Manufacturers Life Insurance Company raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 459,935 shares of the real estate investment trust's stock after buying an additional 40,963 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Annaly Capital Management worth $8,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the period. Assetmark Inc. bought a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $31,000. Larson Financial Group LLC increased 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. Smartleaf Asset Management LLC increased its stake in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,030 shares during the period. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.2%

Shares of NLY stock traded down $0.04 during trading hours on Friday, reaching $19.24. The company's stock had a trading volume of 8,815,575 shares, compared to its average volume of 6,193,243. The firm's 50 day simple moving average is $19.74 and its 200-day simple moving average is $19.76. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NLY. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Piper Sandler reduced their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on 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. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average price target of $21.10.

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.