Mackenzie Financial Corp Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Mackenzie Financial Corp grew its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,358 shares of the real estate investment trust's stock after purchasing an additional 45,952 shares during the period. Mackenzie Financial Corp's holdings in Annaly Capital Management were worth $2,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Assetmark Inc. bought a new stake in Annaly Capital Management in the 4th quarter worth about $31,000. Blue Trust Inc. boosted its holdings in shares of Annaly Capital Management by 78.5% during the 4th 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 during the last quarter. Larson Financial Group LLC boosted 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 valued at $39,000 after acquiring an additional 549 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC raised 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 valued at $45,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price 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. Royal Bank of Canada decreased their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, May 27th. Piper Sandler dropped 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. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research 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 stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management Trading Down 1.3%

NYSE NLY traded down $0.25 on Monday, hitting $18.70. 7,574,681 shares of the company traded hands, compared to its average volume of 6,481,154. The business's 50 day moving average price is $19.05 and its 200-day moving average price is $19.75. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 11.76, 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 data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $418.04 million. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.70 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.97%. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

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.