Investment Management Corp of Ontario Has $2 Million Stock Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Investment Management Corp of Ontario raised its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 556.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,310 shares of the real estate investment trust's stock after acquiring an additional 92,670 shares during the quarter. Investment Management Corp of Ontario's holdings in Annaly Capital Management were worth $2,000,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLY. Price T Rowe Associates Inc. MD lifted its holdings 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 acquiring an additional 8,272,674 shares during the period. Norges Bank bought a new position in shares of Annaly Capital Management during the fourth quarter valued at $127,397,000. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 12.0% in the fourth 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 buying an additional 5,859,104 shares during the last quarter. KBC Group NV lifted its position in Annaly Capital Management by 238.9% during 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 buying an additional 3,664,098 shares in the last quarter. Finally, Northern Trust Corp lifted 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 worth $138,853,000 after buying an additional 3,606,366 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. 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. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced 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 report on Wednesday, April 16th. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Annaly Capital Management currently has an average rating of "Moderate Buy" and an average price target of $21.10.

Annaly Capital Management Stock Performance

NYSE:NLY traded up $0.18 on Friday, hitting $19.89. 4,994,415 shares of the stock were exchanged, compared to its average volume of 6,266,822. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 12.51, a P/E/G 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 $19.55 and its 200 day moving average price is $19.77.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.08%. 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 currently 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.