PL Capital Advisors LLC Has $2.96 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

PL Capital Advisors LLC raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 52.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,603 shares of the real estate investment trust's stock after purchasing an additional 52,603 shares during the quarter. Annaly Capital Management comprises approximately 1.0% of PL Capital Advisors LLC's portfolio, making the stock its 24th largest holding. PL Capital Advisors LLC's holdings in Annaly Capital Management were worth $2,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Annaly Capital Management by 7.0% during the third quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 709 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Annaly Capital Management by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust's stock worth $1,310,000 after acquiring an additional 717 shares during the period. Fifth Third Bancorp increased its stake in shares of Annaly Capital Management by 37.9% during the third quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 773 shares during the period. Daiwa Securities Group Inc. grew its position in Annaly Capital Management by 2.8% during the third quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust's stock worth $548,000 after buying an additional 800 shares during the period. Finally, Bell Bank grew its position in Annaly Capital Management by 0.7% during the third quarter. Bell Bank now owns 113,786 shares of the real estate investment trust's stock worth $2,140,000 after buying an additional 803 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NYSE NLY traded up $0.19 on Friday, hitting $18.88. The company's stock had a trading volume of 4,947,414 shares, compared to its average volume of 2,951,652. Annaly Capital Management, Inc. has a 12-month low of $14.52 and a 12-month high of $21.07. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.10 and a quick ratio of 1.22. The stock has a 50 day moving average of $19.11 and a 200-day moving average of $18.63.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, research analysts predict that Annaly Capital Management, Inc. will post 2.54 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 13.77%. The ex-dividend date is Wednesday, March 27th. Annaly Capital Management's payout ratio is -268.04%.

Analyst Ratings Changes

Several brokerages have weighed in on NLY. Royal Bank of Canada restated an "outperform" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. Compass Point began coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a "buy" rating and a $22.00 target price on the stock. StockNews.com upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research report on Saturday, January 27th. Jonestrading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Annaly Capital Management presently has an average rating of "Moderate Buy" and an average target price of $21.07.

Insider Activity at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 662,469 shares of the company's stock, valued at $12,606,785.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company's stock.

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.