Cetera Investment Advisers Has $19.09 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Cetera Investment Advisers boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,043,412 shares of the real estate investment trust's stock after purchasing an additional 25,411 shares during the quarter. Cetera Investment Advisers owned about 0.19% of Annaly Capital Management worth $19,094,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Proffitt & Goodson Inc. raised its position in shares of Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after acquiring an additional 505 shares during the period. Cannell & Spears LLC raised its position in shares of 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 acquiring an additional 518 shares during the period. LVZ Inc. raised its position 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 acquiring an additional 521 shares during the period. Smartleaf Asset Management LLC raised its position 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 acquiring an additional 549 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 549 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NLY traded down $0.04 during mid-day trading on Wednesday, hitting $19.52. 3,131,899 shares of the company's stock were exchanged, compared to its average volume of 8,119,994. The company has a market cap of $11.66 billion, a PE ratio of 12.28, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 52 week low of $16.59 and a 52 week high of $22.11. The company has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $19.76.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared 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. 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. This represents a $2.80 annualized dividend and a yield of 14.34%. Annaly Capital Management's dividend payout ratio is 314.61%.

Analysts Set New Price Targets

Several brokerages have issued reports on NLY. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods increased 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, May 2nd. Jones Trading restated a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, 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, May 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.