Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 33.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,491 shares of the real estate investment trust’s stock after buying an additional 12,037 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Annaly Capital Management were worth $887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Annaly Capital Management by 10.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,071,513 shares of the real estate investment trust’s stock valued at $19,609,000 after acquiring an additional 99,649 shares in the last quarter. Tandem Financial LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter worth about $327,000. Strategic Financial Concepts LLC acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $294,000. Consolidated Portfolio Review Corp bought a new position in shares of Annaly Capital Management during the fourth quarter worth about $641,000. Finally, Beacon Financial Advisory LLC increased its holdings in Annaly Capital Management by 10.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 20,144 shares of the real estate investment trust’s stock valued at $369,000 after buying an additional 1,979 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Annaly Capital Management Stock Performance

NLY opened at $20.75 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.08 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $19.38 and its 200-day moving average is $19.71. The stock has a market cap of $11.63 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 4.66 and a beta of 1.52. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share 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 predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 12.53%. Annaly Capital Management’s dividend payout ratio is presently 163.52%.

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.