Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,909 shares of the real estate investment trust’s stock after acquiring an additional 5,700 shares during the quarter. State of Alaska Department of Revenue’s holdings in Annaly Capital Management were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NLY. KBC Group NV lifted its position in Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after acquiring an additional 3,664,098 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after acquiring an additional 3,350,435 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares during the period. ORG Wealth Partners LLC lifted its position in Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after acquiring an additional 773,215 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Annaly Capital Management by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock worth $61,355,000 after acquiring an additional 541,869 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NLY shares. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Stock Performance

Annaly Capital Management stock opened at $20.69 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.08 and a current ratio of 0.12. The stock has a fifty day moving average of $19.41 and a two-hundred day moving average of $19.72. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 4.66 and a beta of 1.52. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.57%. Annaly Capital Management’s payout ratio is currently 163.52%.

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.