PL Capital Advisors LLC Has $51.11 Million Stake in Annaly Capital Management, Inc. (NYSE:NLY)

PL Capital Advisors LLC lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1,730.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,792,635 shares of the real estate investment trust’s stock after purchasing an additional 2,640,032 shares during the quarter. Annaly Capital Management accounts for about 0.6% of PL Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. PL Capital Advisors LLC’s holdings in Annaly Capital Management were worth $51,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NLY. Stratos Wealth Advisors LLC raised its holdings in 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 acquiring an additional 132,891 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after purchasing an additional 48,555 shares in the last quarter. Citigroup Inc. raised its stake in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Howard Financial Services LTD. acquired a new stake in shares of Annaly Capital Management in the 4th quarter valued at approximately $527,000. Finally, Tandem Financial LLC bought a new position in shares of Annaly Capital Management in the fourth quarter valued at $327,000. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Stock Up 0.4 %

Annaly Capital Management stock opened at $21.67 on Wednesday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.88. The stock has a market cap of $12.53 billion, a P/E ratio of 13.63, a P/E/G ratio of 4.89 and a beta of 1.52. The company’s 50-day moving average price is $19.71 and its two-hundred day moving average price is $19.82.

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, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research 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 target price on the stock in a report on Thursday, October 31st. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note 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 report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.44.

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.