Public Employees Retirement System of Ohio Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Public Employees Retirement System of Ohio bought a new position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 192,547 shares of the real estate investment trust's stock, valued at approximately $3,524,000.

Several other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth $31,000. Blue Trust Inc. boosted its holdings 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 valued at $33,000 after purchasing an additional 717 shares during the period. Larson Financial Group LLC grew its position in 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 worth $39,000 after purchasing an additional 549 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Annaly Capital Management during the 4th quarter worth about $39,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 549 shares during the period. Institutional investors own 51.56% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NLY shares. Piper Sandler reduced their target price on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada reduced their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods boosted their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased 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 research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $21.00.

Annaly Capital Management Stock Down 1.3%

Annaly Capital Management stock traded down $0.25 during mid-day trading on Monday, hitting $18.70. 7,574,676 shares of the company were exchanged, compared to its average volume of 6,481,153. The company has a market capitalization of $11.17 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The business has a fifty day moving average of $19.05 and a 200 day moving average of $19.75. Annaly Capital Management, Inc. has a 1-year low of $16.60 and a 1-year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly 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. The firm had revenue of $186.64 million during 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%. Research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.70 dividend. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.97%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's payout ratio 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.