Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,935 shares of the real estate investment trust's stock after purchasing an additional 40,963 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Annaly Capital Management worth $8,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its position in shares of Annaly Capital Management by 93.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock worth $5,043,000 after acquiring an additional 132,891 shares in the last quarter. Howard Financial Services LTD. purchased a new position in Annaly Capital Management in the fourth quarter valued at about $527,000. Tandem Financial LLC purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $327,000. Wernau Asset Management Inc. purchased a new stake in shares of Annaly Capital Management in the fourth quarter worth about $229,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Annaly Capital Management by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after buying an additional 393,581 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.4 %

Shares of Annaly Capital Management stock opened at $19.24 on Tuesday. The business has a 50-day moving average price of $19.94 and a 200 day moving average price of $19.77. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The firm has a market cap of $11.50 billion, a P/E ratio of 12.10, a P/E/G ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts anticipate 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 was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.70 per share. 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 is currently 314.61%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NLY. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday. Piper Sandler dropped their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.

Annaly Capital Management 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.

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