Rhumbline Advisers Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Rhumbline Advisers lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,633,678 shares of the real estate investment trust's stock after buying an additional 38,468 shares during the period. Rhumbline Advisers owned approximately 0.27% of Annaly Capital Management worth $33,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Jupiter Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after buying an additional 492 shares in the last quarter. Proffitt & Goodson Inc. raised its stake in Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock worth $971,000 after purchasing an additional 505 shares during the period. Cannell & Spears LLC raised its stake in Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 518 shares during the period. LVZ Inc. raised its stake in Annaly Capital Management by 2.7% during the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after purchasing an additional 521 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in 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 worth $45,000 after purchasing an additional 549 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 1.0%

Shares of NLY traded up $0.18 during trading on Friday, reaching $19.06. 4,956,097 shares of the company traded hands, compared to its average volume of 6,557,930. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The stock has a market cap of $11.39 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 4.89 and a beta of 1.23. The stock has a 50-day simple moving average of $18.88 and a 200-day simple moving average of $19.72.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. On average, equities research analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.69%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.

Analysts Set New Price Targets

A number of brokerages have commented on NLY. JPMorgan Chase & Co. reduced 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 research note on Wednesday, April 16th. Royal Bank of Canada reduced their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Jones Trading reaffirmed a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Piper Sandler reduced their target price on shares of 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $21.00.

Annaly Capital Management 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.