Los Angeles Capital Management LLC Buys New Position in Annaly Capital Management, Inc. (NYSE:NLY)

Los Angeles Capital Management LLC purchased a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,140 shares of the real estate investment trust’s stock, valued at approximately $874,000.

A number of other large investors have also modified their holdings of NLY. Allspring Global Investments Holdings LLC boosted its stake in Annaly Capital Management by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,170,965 shares of the real estate investment trust’s stock worth $332,602,000 after purchasing an additional 300,457 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Annaly Capital Management by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,021,427 shares of the real estate investment trust’s stock valued at $56,833,000 after buying an additional 64,850 shares during the last quarter. Invesco Ltd. increased its position in shares of Annaly Capital Management by 14.4% in the 3rd quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock valued at $40,324,000 after acquiring an additional 269,758 shares during the period. Van ECK Associates Corp raised its stake in Annaly Capital Management by 34.4% in the 4th quarter. Van ECK Associates Corp now owns 1,785,526 shares of the real estate investment trust’s stock worth $34,586,000 after acquiring an additional 456,639 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Annaly Capital Management by 1,505.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock worth $32,482,000 after acquiring an additional 1,572,487 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Annaly Capital Management Trading Up 0.8 %

NLY stock opened at $19.85 on Friday. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58. The firm has a market cap of $9.93 billion, a P/E ratio of -20.46 and a beta of 1.54. The company’s 50-day simple moving average is $19.20 and its 200-day simple moving average is $18.75.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.64. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the prior year, the business posted $0.81 earnings per share. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.62 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date was Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NLY. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading restated a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, April 25th. Finally, StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.08.

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.