Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 13,358 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,799 shares of the real estate investment trust’s stock after purchasing an additional 13,358 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Annaly Capital Management were worth $2,266,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NLY. Avior Wealth Management LLC grew its stake in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at $31,000. Blue Trust Inc. raised its stake in shares of Annaly Capital Management by 78.5% during the 4th 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 during the period. Larson Financial Group LLC lifted its holdings in Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 549 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Annaly Capital Management by 29.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 549 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NLY has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $21.63 on Tuesday. The firm has a market capitalization of $12.51 billion, a PE ratio of 13.60, a price-to-earnings-growth 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. The firm has a fifty day moving average of $20.82 and a 200 day moving average of $20.03.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 12.95%. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

About Annaly Capital Management

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.