Deutsche Bank AG lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096,163 shares of the real estate investment trust's stock after buying an additional 93,708 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of Annaly Capital Management worth $20,060,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Collar Capital Management LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $1,532,000. Crestline Management LP purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $300,000. Cetera Investment Advisers grew its holdings in Annaly Capital Management by 2.5% in the fourth quarter. Cetera Investment Advisers now owns 1,043,412 shares of the real estate investment trust's stock valued at $19,094,000 after purchasing an additional 25,411 shares during the period. Baird Financial Group Inc. grew its holdings in Annaly Capital Management by 2.7% in the fourth quarter. Baird Financial Group Inc. now owns 188,380 shares of the real estate investment trust's stock valued at $3,447,000 after purchasing an additional 4,989 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $730,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NLY shares. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler lowered their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.
View Our Latest Stock Report on Annaly Capital Management
Annaly Capital Management Trading Up 0.9%
NLY traded up $0.18 during trading on Friday, hitting $19.89. 4,994,415 shares of the company's stock were exchanged, compared to its average volume of 6,266,822. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11. The stock has a 50 day moving average price of $19.55 and a 200 day moving average price of $19.77. The firm has a market cap of $11.88 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The company had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date was Monday, March 31st. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is 314.61%.
About Annaly Capital Management
(
Free Report)
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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