Royal Bank of Canada Acquires 163,155 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Royal Bank of Canada raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,042,238 shares of the real estate investment trust's stock after buying an additional 163,155 shares during the period. Royal Bank of Canada owned about 0.19% of Annaly Capital Management worth $19,073,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Assetmark Inc. acquired a new stake in Annaly Capital Management during the 4th quarter valued at $31,000. Blue Trust Inc. boosted its holdings in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares during the period. Larson Financial Group LLC grew its stake 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 valued at $39,000 after buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 549 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 1,030 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY traded down $0.20 during mid-day trading on Friday, reaching $18.99. The company had a trading volume of 2,300,877 shares, compared to its average volume of 6,388,968. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 4.89 and a beta of 1.25. The company's 50 day simple moving average is $19.10 and its 200 day simple moving average is $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 earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.75%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NLY shares. Jones Trading restated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Piper Sandler reduced their price target on 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. JPMorgan Chase & Co. lowered their price objective on 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. Keefe, Bruyette & Woods boosted their target price 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. Finally, Royal Bank of Canada decreased 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 research note on Tuesday. 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, Annaly Capital Management currently 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.