Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 28.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,799,840 shares of the real estate investment trust's stock after purchasing an additional 400,710 shares during the period. Nuveen Asset Management LLC owned 0.32% of Annaly Capital Management worth $32,937,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in 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 purchasing an additional 5,859,104 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 8,272,674 shares during the period. Allspring Global Investments Holdings LLC increased its position in 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 purchasing an additional 109,655 shares during the period. Geode Capital Management LLC increased its position in 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 purchasing an additional 814,917 shares during the period. Finally, Northern Trust Corp increased its position in 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 purchasing an additional 3,606,366 shares during the period. Hedge funds and other institutional investors own 51.56% of the company's stock.

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.21 during trading hours on Tuesday, hitting $19.00. 6,992,052 shares of the company were exchanged, compared to its average volume of 6,355,852. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 11.95, a PEG 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 company's 50 day moving average price is $19.20 and its 200-day moving average price is $19.76.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its 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. The company had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, equities analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed 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 represents a $2.80 annualized dividend and a yield of 14.74%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date was Monday, March 31st. Annaly Capital Management's payout ratio is presently 314.61%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NLY shares. Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Friday, May 2nd. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.