Victory Capital Management Inc. Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Victory Capital Management Inc. raised its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 1,505.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,676,931 shares of the real estate investment trust's stock after buying an additional 1,572,487 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of Annaly Capital Management worth $32,482,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Selway Asset Management acquired a new stake in Annaly Capital Management during the 3rd quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in Annaly Capital Management during the 4th quarter worth $33,000. Central Bank & Trust Co. purchased a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $34,000. BluePath Capital Management LLC acquired a new position in shares of Annaly Capital Management during the third quarter worth $34,000. Finally, NBC Securities Inc. purchased a new position in Annaly Capital Management in the 3rd quarter valued at about $38,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO David L. Finkelstein sold 50,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares of the company's stock, valued at approximately $12,606,785.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

Annaly Capital Management Price Performance

NLY traded up $0.02 during trading on Tuesday, reaching $19.65. The stock had a trading volume of 4,168,469 shares, compared to its average volume of 3,607,791. Annaly Capital Management, Inc. has a 1-year low of $14.52 and a 1-year high of $21.07. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -20.23 and a beta of 1.54. The stock has a 50 day moving average of $19.15 and a two-hundred day moving average of $18.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.62 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were paid a $0.65 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.60 annualized dividend and a dividend yield of 13.23%. Annaly Capital Management's dividend payout ratio is currently -268.04%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NLY. Compass Point initiated coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a "buy" rating and a $22.00 price target for the company. StockNews.com upgraded Annaly Capital Management from a "sell" rating to a "hold" rating in a research note on Saturday, January 27th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Finally, Jonestrading reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.08.

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.