Caisse DE Depot ET Placement DU Quebec Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Caisse DE Depot ET Placement DU Quebec acquired 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 SEC. The firm acquired 24,813 shares of the real estate investment trust's stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management increased its holdings in Annaly Capital Management by 18.9% in the 4th quarter. Triumph Capital Management now owns 57,835 shares of the real estate investment trust's stock valued at $1,058,000 after acquiring an additional 9,212 shares during the last quarter. Comerica Bank lifted its holdings in shares of Annaly Capital Management by 5.3% in the 4th quarter. Comerica Bank now owns 196,546 shares of the real estate investment trust's stock worth $3,597,000 after acquiring an additional 9,829 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Annaly Capital Management by 12.2% during the fourth quarter. Utah Retirement Systems now owns 92,931 shares of the real estate investment trust's stock valued at $1,701,000 after buying an additional 10,100 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Annaly Capital Management by 25.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 54,691 shares of the real estate investment trust's stock valued at $1,001,000 after acquiring an additional 10,925 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Trading Down 0.5 %

Shares of Annaly Capital Management stock opened at $19.32 on Monday. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The firm's 50-day moving average price is $19.99 and its 200 day moving average price is $19.78. The firm has a market capitalization of $11.54 billion, a PE ratio of 12.15, 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 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 firm had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. On average, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS 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. Shareholders of record on Monday, March 31st were issued a $0.70 dividend. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.49%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's dividend payout ratio is presently 314.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NLY shares. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.10.

About Annaly Capital Management

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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