New York Life Investment Management LLC Has $1.08 Million Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

New York Life Investment Management LLC grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,882 shares of the real estate investment trust’s stock after purchasing an additional 3,549 shares during the quarter. New York Life Investment Management LLC’s holdings in Annaly Capital Management were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew 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 valued at $332,602,000 after buying an additional 300,457 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Annaly Capital Management by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,021,427 shares of the real estate investment trust’s stock worth $56,833,000 after purchasing an additional 64,850 shares during the last quarter. Invesco Ltd. boosted its stake in Annaly Capital Management by 14.4% during 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 purchasing an additional 269,758 shares during the period. Van ECK Associates Corp boosted its stake in Annaly Capital Management by 34.4% during the 4th quarter. Van ECK Associates Corp now owns 1,785,526 shares of the real estate investment trust’s stock valued at $34,586,000 after purchasing an additional 456,639 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Annaly Capital Management by 1,505.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock valued at $32,482,000 after buying an additional 1,572,487 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on NLY shares. StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Monday, February 12th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Compass Point began coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.08.

Annaly Capital Management Trading Up 0.1 %

NYSE NLY opened at $19.65 on Wednesday. Annaly Capital Management, Inc. has a 12 month low of $14.52 and a 12 month high of $21.07. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.58. The stock has a 50 day moving average of $19.17 and a 200-day moving average of $18.73. The company has a market cap of $9.83 billion, a PE ratio of -20.25 and a beta of 1.54.

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

Annaly Capital Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.65 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 13.23%. Annaly Capital Management’s dividend payout ratio is -268.04%.

Insider Activity

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

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.