Baird Financial Group Inc. Increases Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Baird Financial Group Inc. increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,380 shares of the real estate investment trust’s stock after purchasing an additional 4,989 shares during the period. Baird Financial Group Inc.’s holdings in Annaly Capital Management were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NLY. Assetmark Inc. purchased a new position in Annaly Capital Management in the 4th quarter worth $31,000. Blue Trust Inc. raised its position in 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 acquiring an additional 717 shares during the period. Larson Financial Group LLC boosted its holdings in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring 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% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 1,030 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NLY shares. Piper Sandler cut their price target on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Jones Trading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Friday, May 2nd. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.10.

Annaly Capital Management Trading Down 0.2 %

Shares of Annaly Capital Management stock opened at $19.24 on Friday. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 4.89 and a beta of 1.25. The company has a fifty day simple moving average of $19.74 and a 200-day simple moving average of $19.76.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal 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 given a dividend of $0.70 per share. The ex-dividend date was Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.55%. Annaly Capital Management’s dividend payout ratio (DPR) is 314.61%.

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.