Northern Trust Corp Increases Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Northern Trust Corp boosted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 90.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,587,581 shares of the real estate investment trust's stock after purchasing an additional 3,606,366 shares during the quarter. Northern Trust Corp owned about 1.35% of Annaly Capital Management worth $138,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Blue Trust Inc. lifted its position in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. Larson Financial Group LLC raised its stake in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 549 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Trading Up 1.1 %

Shares of NLY traded up $0.22 during trading hours on Thursday, hitting $19.35. 2,515,441 shares of the stock traded hands, compared to its average volume of 6,115,719. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11. The firm has a market capitalization of $11.56 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The business has a fifty day moving average of $19.83 and a 200-day moving average of $19.77.

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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, equities research analysts expect 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.47%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analyst Upgrades and Downgrades

NLY has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Jones Trading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price 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. Finally, Piper Sandler lowered their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and an average 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.