MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 38,760 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 849,061 shares of the real estate investment trust's stock after acquiring an additional 38,760 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.15% of Annaly Capital Management worth $15,538,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NLY. Price T Rowe Associates Inc. MD increased its holdings in shares of Annaly Capital Management by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after acquiring an additional 8,272,674 shares in the last quarter. Norges Bank bought a new stake in Annaly Capital Management during the 4th quarter worth approximately $127,397,000. Vanguard Group Inc. increased its stake in Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. KBC Group NV raised its holdings 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 during the period. Finally, Northern Trust Corp lifted its stake in Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after buying an additional 3,606,366 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 1.5%

Shares of NYSE:NLY traded down $0.30 during midday trading on Wednesday, hitting $19.40. The stock had a trading volume of 1,909,362 shares, compared to its average volume of 6,253,458. The company has a market cap of $11.59 billion, a P/E ratio of 12.19, a PEG ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11. The business's 50-day simple moving average is $19.50 and its 200-day simple moving average is $19.78.

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 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders 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 14.44%. This is a boost 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

Several brokerages have recently issued reports on NLY. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler dropped their price target on 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. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Jones Trading reiterated a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.10.

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.