Bayesian Capital Management LP Invests $730,000 in Annaly Capital Management, Inc. (NYSE:NLY)

Bayesian Capital Management LP purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,900 shares of the real estate investment trust’s stock, valued at approximately $730,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Annaly Capital Management by 78.5% during the fourth 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 in the last quarter. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its position in shares of Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 549 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,030 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NLY. Jones Trading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, Barclays began coverage on 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.10.

Annaly Capital Management Stock Performance

Shares of NLY opened at $19.24 on Tuesday. The company has a market capitalization of $11.50 billion, a P/E ratio of 12.10, a P/E/G ratio of 4.89 and a beta of 1.25. The business’s 50-day moving average is $19.94 and its two-hundred day moving average is $19.77. Annaly Capital Management, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The firm had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.70 dividend. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.55%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management’s payout ratio is currently 314.61%.

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.