Vanguard Group Inc. Grows Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Vanguard Group Inc. lifted its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 49,300,019 shares of the real estate investment trust’s stock after acquiring an additional 1,619,729 shares during the period. Vanguard Group Inc. owned approximately 9.86% of Annaly Capital Management worth $954,941,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Annaly Capital Management during the 4th quarter worth approximately $110,244,000. Balyasny Asset Management L.P. increased its position in shares of Annaly Capital Management by 159.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after acquiring an additional 3,762,652 shares during the period. Victory Capital Management Inc. raised its stake in Annaly Capital Management by 1,505.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock worth $32,482,000 after acquiring an additional 1,572,487 shares during the last quarter. KBC Group NV lifted its position in Annaly Capital Management by 298.1% during the 4th quarter. KBC Group NV now owns 1,256,864 shares of the real estate investment trust’s stock worth $24,345,000 after acquiring an additional 941,126 shares during the period. Finally, Wellington Management Group LLP grew its stake in Annaly Capital Management by 1,801.9% during the 3rd quarter. Wellington Management Group LLP now owns 803,555 shares of the real estate investment trust’s stock valued at $15,115,000 after purchasing an additional 761,304 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NLY shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Janney Montgomery Scott started coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Compass Point initiated coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

Annaly Capital Management Price Performance

NLY opened at $19.99 on Friday. The stock has a market cap of $10.00 billion, a P/E ratio of -20.60 and a beta of 1.53. The firm has a fifty day moving average price of $19.45 and a 200 day moving average price of $19.35. Annaly Capital Management, Inc. has a 1 year low of $14.52 and a 1 year high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period in the prior year, the company posted $0.81 EPS. Equities analysts expect that Annaly Capital Management, Inc. will post 2.64 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

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.