Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada grew its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 18.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,042,238 shares of the real estate investment trust's stock after purchasing an additional 163,155 shares during the quarter. Royal Bank of Canada owned approximately 0.19% of Annaly Capital Management worth $19,073,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NLY. Price T Rowe Associates Inc. MD boosted its stake in shares of Annaly Capital Management by 31.6% during the fourth 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. Norges Bank purchased a new position in Annaly Capital Management during the 4th quarter valued at about $127,397,000. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 12.0% in 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 in the last quarter. KBC Group NV lifted its position in shares of Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after purchasing an additional 3,664,098 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Annaly Capital Management by 90.6% in the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NLY shares. JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research 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 for the company in a research report on Tuesday. Finally, Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Annaly Capital Management Price Performance

Annaly Capital Management stock traded up $0.03 during mid-day trading on Thursday, reaching $19.11. 6,657,586 shares of the company traded hands, compared to its average volume of 6,380,661. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The firm's fifty day moving average is $19.15 and its two-hundred day moving average is $19.76.

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

Annaly Capital Management Increases Dividend

The business also recently declared 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 is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.65%. Annaly Capital Management's dividend payout ratio is presently 314.61%.

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.