Caisse DE Depot ET Placement DU Quebec Acquires Shares of 24,813 Annaly Capital Management, Inc. (NYSE:NLY)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,813 shares of the real estate investment trust's stock, valued at approximately $454,000.

Several other large investors have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. raised its stake in shares of Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after purchasing an additional 505 shares in the last quarter. Cannell & Spears LLC increased its holdings in Annaly Capital Management by 1.3% in the 4th quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock valued at $755,000 after buying an additional 518 shares during the period. LVZ Inc. raised its stake in shares of Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 521 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 549 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.04 during midday trading on Friday, hitting $19.24. 8,815,575 shares of the stock were exchanged, compared to its average volume of 6,193,243. The business's 50-day moving average price is $19.74 and its 200 day moving average price is $19.76. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The stock has a market capitalization of $11.50 billion, a price-to-earnings 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 announced 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. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, sell-side analysts expect that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler decreased their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note 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. dropped their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, 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.