Dupree Financial Group LLC Purchases Shares of 476,083 Annaly Capital Management, Inc. (NYSE:NLY)

Dupree Financial Group LLC purchased a new stake in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 476,083 shares of the real estate investment trust's stock, valued at approximately $9,222,000. Annaly Capital Management makes up about 4.5% of Dupree Financial Group LLC's portfolio, making the stock its 6th largest position. Dupree Financial Group LLC owned about 0.10% of Annaly Capital Management at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Goldman Sachs Group Inc. raised its stake in shares of Annaly Capital Management by 166.1% during the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust's stock valued at $87,858,000 after acquiring an additional 9,279,874 shares in the last quarter. State Street Corp raised its stake in Annaly Capital Management by 14.0% in the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust's stock worth $212,614,000 after buying an additional 4,263,394 shares in the last quarter. Norges Bank bought a new position in Annaly Capital Management in the fourth quarter worth approximately $83,248,000. Vanguard Group Inc. raised its stake in Annaly Capital Management by 2.9% in the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust's stock worth $931,303,000 after buying an additional 3,668,441 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Annaly Capital Management by 274,965.9% in the first quarter. Balyasny Asset Management L.P. now owns 3,168,759 shares of the real estate investment trust's stock worth $60,555,000 after buying an additional 3,167,607 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares of the company's stock, valued at $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company's stock.

Annaly Capital Management Stock Performance

Shares of NLY traded up $0.24 during trading hours on Friday, reaching $18.23. 2,227,638 shares of the company traded hands, compared to its average volume of 3,003,891. The stock has a market capitalization of $9.12 billion, a P/E ratio of -5.05 and a beta of 1.54. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07. The business has a fifty day moving average price of $19.11 and a 200-day moving average price of $18.61.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.26%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management's dividend payout ratio (DPR) is presently -72.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NLY shares. StockNews.com raised shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research note on Saturday, January 27th. Jonestrading boosted their price objective on shares of Annaly Capital Management from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Monday, February 12th. Finally, Compass Point assumed coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a "buy" rating and a $22.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.19.

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.