Comerica Bank Acquires 9,829 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Comerica Bank lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 196,546 shares of the real estate investment trust’s stock after purchasing an additional 9,829 shares during the quarter. Comerica Bank’s holdings in Annaly Capital Management were worth $3,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NLY. Assetmark Inc. purchased a new position in Annaly Capital Management during the fourth quarter valued at $31,000. Blue Trust Inc. boosted its position 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 valued at $33,000 after buying an additional 717 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 worth $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Annaly Capital Management by 65.7% in the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,030 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NLY shares. Jones Trading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an “outperform” rating in a report on Friday, May 2nd. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Piper Sandler reduced their price objective on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.10.

Annaly Capital Management Trading Down 1.2 %

NYSE:NLY opened at $19.03 on Wednesday. The company has a market capitalization of $11.37 billion, a P/E ratio of 11.97, a P/E/G ratio of 4.89 and a beta of 1.25. The business’s 50-day moving average is $19.88 and its 200 day moving average is $19.77. Annaly Capital Management, Inc. has a 12 month low of $16.60 and a 12 month high of $22.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The company had revenue of $186.64 million for the quarter, compared to analysts’ expectations of $418.04 million. On average, research analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders 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 yield of 14.72%. The ex-dividend date was Monday, March 31st. Annaly Capital Management’s payout ratio is presently 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.