MetLife Investment Management LLC Has $5.78 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

MetLife Investment Management LLC raised its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,988 shares of the real estate investment trust's stock after acquiring an additional 57,047 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Annaly Capital Management worth $5,783,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NLY. Invst LLC acquired a new position in shares of Annaly Capital Management in the third quarter valued at about $741,000. McIlrath & Eck LLC bought a new stake in shares of Annaly Capital Management in the third quarter valued at approximately $63,000. Virtu Financial LLC acquired a new stake in Annaly Capital Management during the third quarter worth approximately $879,000. Wilmington Savings Fund Society FSB acquired a new position in Annaly Capital Management in the 3rd quarter valued at $114,000. Finally, Tidal Investments LLC grew its holdings in shares of Annaly Capital Management by 11.7% during the 3rd quarter. Tidal Investments LLC now owns 13,204 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 1,385 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE NLY traded up $0.14 during trading hours on Tuesday, reaching $19.63. The company's stock had a trading volume of 2,215,553 shares, compared to its average volume of 6,010,564. Annaly Capital Management, Inc. has a 52 week low of $16.60 and a 52 week high of $22.11. The stock has a market cap of $11.73 billion, a P/E ratio of 12.34, a P/E/G ratio of 4.89 and a beta of 1.31. The firm has a fifty day simple moving average of $20.16 and a 200-day simple moving average of $19.80.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.27%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's payout ratio is 176.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NLY. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 target price for the company. JPMorgan Chase & Co. decreased their target price 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. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Keefe, Bruyette & Woods reduced their price target on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.08.

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.