Transce3nd LLC Takes $1.10 Million Position in Annaly Capital Management, Inc. (NYSE:NLY)

Transce3nd LLC bought a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 59,984 shares of the real estate investment trust's stock, valued at approximately $1,100,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLY. Sharpepoint LLC bought a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $897,000. MML Investors Services LLC raised its stake in Annaly Capital Management by 4.5% in the fourth quarter. MML Investors Services LLC now owns 62,382 shares of the real estate investment trust's stock valued at $1,142,000 after purchasing an additional 2,690 shares in the last quarter. Natixis grew its position in Annaly Capital Management by 383.7% in the fourth quarter. Natixis now owns 36,061 shares of the real estate investment trust's stock worth $660,000 after acquiring an additional 28,605 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Annaly Capital Management by 22.0% in the 4th quarter. MetLife Investment Management LLC now owns 315,988 shares of the real estate investment trust's stock worth $5,783,000 after purchasing an additional 57,047 shares in the last quarter. Finally, Ossiam increased its position in shares of Annaly Capital Management by 23.0% during the 4th quarter. Ossiam now owns 52,951 shares of the real estate investment trust's stock valued at $969,000 after purchasing an additional 9,894 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Up 1.7 %

Shares of NLY traded up $0.32 during mid-day trading on Friday, hitting $19.24. 3,259,322 shares of the company's stock traded hands, compared to its average volume of 6,007,071. The firm has a market capitalization of $11.49 billion, a P/E ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.31. The business's 50-day moving average price is $20.25 and its 200-day moving average price is $19.80. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Sell-side analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 14.56%. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's payout ratio is presently 176.10%.

Analyst Upgrades and Downgrades

Several research firms have commented on NLY. JPMorgan Chase & Co. decreased their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays assumed 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 target for the company. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their target price on Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.07.

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.