Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 980,636 shares of the real estate investment trust's stock after purchasing an additional 153,940 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Annaly Capital Management worth $17,946,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Annaly Capital Management in the 4th quarter worth $31,000. Blue Trust Inc. raised its position in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the period. Larson Financial Group LLC increased its holdings in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter worth about $39,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Annaly Capital Management by 29.3% in 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 during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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. Jones Trading reiterated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reduced their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank of Canada reduced their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock traded down $0.23 during trading on Monday, reaching $18.73. 5,686,606 shares of the stock traded hands, compared to its average volume of 6,474,415. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 52-week low of $16.60 and a 52-week high of $22.11. The business has a fifty day simple moving average of $19.05 and a two-hundred day simple moving average of $19.75.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its 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 return on equity of 14.95% and a net margin of 20.70%. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. On average, research analysts predict 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 declared 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 annualized dividend and a dividend yield of 14.95%. The ex-dividend date was Monday, March 31st. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is currently 314.61%.

Annaly Capital Management Company 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.