Annaly Capital Management, Inc. (NYSE:NLY) Holdings Decreased by Simplify Asset Management Inc.

Simplify Asset Management Inc. cut its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 34.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,274 shares of the real estate investment trust’s stock after selling 43,028 shares during the quarter. Simplify Asset Management Inc.’s holdings in Annaly Capital Management were worth $1,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NLY. Allspring Global Investments Holdings LLC lifted its position in shares of Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after buying an additional 109,655 shares during the last quarter. State Street Corp raised its stake in Annaly Capital Management by 1.3% during the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after acquiring an additional 223,294 shares during the period. Geode Capital Management LLC lifted its holdings in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after acquiring an additional 241,465 shares during the last quarter. KBC Group NV boosted its stake in Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after acquiring an additional 3,664,098 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Annaly Capital Management by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,040,958 shares of the real estate investment trust’s stock valued at $73,950,000 after purchasing an additional 325,542 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3 %

Annaly Capital Management stock opened at $21.70 on Friday. The company’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $20.02. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11.

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

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a yield of 12.91%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is currently 176.10%.

Analyst Upgrades and Downgrades

NLY has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target 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 reiterated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.