Ethic Inc. Raises Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Ethic Inc. lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,048 shares of the real estate investment trust’s stock after buying an additional 1,544 shares during the quarter. Ethic Inc.’s holdings in Annaly Capital Management were worth $989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $31,000. Blue Trust Inc. lifted 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 valued at $33,000 after buying an additional 717 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Annaly Capital Management by 34.4% during 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Annaly Capital Management by 29.3% during 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 in the last quarter. Finally, UMB Bank n.a. lifted its position 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 purchasing an additional 1,030 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Annaly Capital Management Trading Up 0.4%

NYSE NLY opened at $19.57 on Wednesday. The stock’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $19.76. The company has a market cap of $11.69 billion, a PE ratio of 12.31, a PEG ratio of 4.89 and a beta of 1.25. 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) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Research analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 14.31%. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio is currently 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.