Pinebridge Investments L.P. Raises Position in Annaly Capital Management, Inc. (NYSE:NLY)

Pinebridge Investments L.P. boosted its position in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,472 shares of the real estate investment trust's stock after purchasing an additional 47,112 shares during the period. Pinebridge Investments L.P.'s holdings in Annaly Capital Management were worth $2,882,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new stake in Annaly Capital Management during the 4th quarter worth approximately $31,000. Blue Trust Inc. lifted its holdings in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 717 shares during the period. Larson Financial Group LLC grew its stake in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the period. Finally, UMB Bank n.a. raised its position in Annaly Capital Management by 65.7% during the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 1,030 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NLY has been the topic of a number of analyst reports. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.08.

Annaly Capital Management Stock Performance

Shares of NYSE NLY traded down $0.03 during trading on Wednesday, hitting $19.59. 9,129,825 shares of the company traded hands, compared to its average volume of 6,051,773. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.89 and a beta of 1.31. The business's fifty day moving average is $20.12 and its 200 day moving average is $19.80. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 14.29%. The ex-dividend date 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%.

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.