Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,096,163 shares of the real estate investment trust’s stock after purchasing an additional 93,708 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of Annaly Capital Management worth $20,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC increased its stake in shares of Annaly Capital Management by 93.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock worth $5,043,000 after buying an additional 132,891 shares during the period. Howard Financial Services LTD. acquired a new position in Annaly Capital Management during the 4th quarter worth approximately $527,000. Tandem Financial LLC purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $327,000. Wernau Asset Management Inc. purchased a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $229,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust’s stock valued at $66,105,000 after purchasing an additional 393,581 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.4%

Shares of NYSE NLY opened at $19.49 on Thursday. The stock has a market cap of $11.65 billion, a P/E ratio of 12.26, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management, Inc. has a twelve month low of $16.60 and a twelve month high of $22.11. The stock has a 50 day moving average of $19.61 and a two-hundred day moving average of $19.76.

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

Annaly Capital Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.70 dividend. 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 yield of 14.37%. Annaly Capital Management’s payout ratio is currently 314.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NLY. Piper Sandler lowered their target price on shares of 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. Keefe, Bruyette & Woods upped their price objective on Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Jones Trading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.10.

About Annaly Capital Management

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.