Focus Partners Advisor Solutions LLC Increases Position in Annaly Capital Management, Inc. (NYSE:NLY)

Focus Partners Advisor Solutions LLC boosted its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 361.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,448 shares of the real estate investment trust's stock after purchasing an additional 37,160 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Annaly Capital Management were worth $868,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after buying an additional 5,859,104 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after buying an additional 8,272,674 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust's stock valued at $332,665,000 after buying an additional 109,655 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after buying an additional 814,917 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after buying an additional 3,606,366 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Performance

NLY traded up $0.21 during trading on Tuesday, hitting $19.00. The stock had a trading volume of 6,992,052 shares, compared to its average volume of 6,355,851. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The stock has a 50 day simple moving average of $19.26 and a two-hundred day simple moving average of $19.77. The company has a market capitalization of $11.35 billion, a PE ratio of 11.95, a PEG ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $418.04 million. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.74%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio is 314.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NLY shares. Jones Trading reissued a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Friday, May 2nd. Royal Bank of Canada reduced their price objective on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday. Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced 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 research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.00.

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.