Rhumbline Advisers Purchases 162,544 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Rhumbline Advisers increased its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,595,210 shares of the real estate investment trust’s stock after acquiring an additional 162,544 shares during the period. Rhumbline Advisers owned about 0.28% of Annaly Capital Management worth $29,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NLY. Avior Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the period. Blue Trust Inc. lifted its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the period. UMB Bank n.a. lifted its stake in shares of Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 1,030 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Annaly Capital Management by 68.1% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 1,200 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in shares of Annaly Capital Management in the 3rd quarter valued at about $63,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

NLY has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st. Finally, Barclays initiated coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Stock Up 0.6 %

Shares of Annaly Capital Management stock opened at $21.55 on Thursday. The company has a market cap of $12.46 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 4.78 and a beta of 1.52. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.59. The business has a 50 day moving average price of $19.55 and a 200-day moving average price of $19.77.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (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%. As a group, research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.07%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is presently 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.