Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 19.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 363,552 shares of the real estate investment trust's stock after purchasing an additional 59,661 shares during the period. Stifel Financial Corp owned approximately 0.06% of Annaly Capital Management worth $6,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Annaly Capital Management during the fourth quarter worth approximately $127,397,000. Vanguard Group Inc. lifted its position 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 acquiring an additional 5,859,104 shares during the period. KBC Group NV lifted its holdings in shares of Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after purchasing an additional 3,664,098 shares during the period. PL Capital Advisors LLC increased its stake in shares of Annaly Capital Management by 1,730.0% during the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust's stock worth $51,105,000 after acquiring an additional 2,640,032 shares during the period. Finally, Geode Capital Management LLC increased its position in Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock worth $172,706,000 after purchasing an additional 814,917 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NLY. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Jones Trading reiterated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday. Piper Sandler cut their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.10.

Annaly Capital Management Stock Performance

NLY traded down $0.10 on Friday, reaching $19.32. 8,553,074 shares of the company's stock were exchanged, compared to its average volume of 6,113,698. The company's 50 day moving average is $19.99 and its 200-day moving average is $19.78. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 4.89 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The firm had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. Sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.70 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.49%. The ex-dividend date was Monday, March 31st. Annaly Capital Management's dividend payout ratio is 314.61%.

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.