Illinois Municipal Retirement Fund Purchases 22,219 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Illinois Municipal Retirement Fund boosted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,972 shares of the real estate investment trust’s stock after buying an additional 22,219 shares during the period. Illinois Municipal Retirement Fund’s holdings in Annaly Capital Management were worth $4,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in Annaly Capital Management by 7.0% during the third quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 709 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Annaly Capital Management by 1.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock worth $1,310,000 after buying an additional 717 shares during the period. Fifth Third Bancorp raised its holdings in shares of Annaly Capital Management by 37.9% in the third quarter. Fifth Third Bancorp now owns 2,814 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 773 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Annaly Capital Management by 2.8% in the third quarter. Daiwa Securities Group Inc. now owns 29,145 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 800 shares during the period. Finally, Bell Bank raised its holdings in shares of Annaly Capital Management by 0.7% in the third quarter. Bell Bank now owns 113,786 shares of the real estate investment trust’s stock worth $2,140,000 after buying an additional 803 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Stock Down 0.4 %

Shares of NYSE:NLY opened at $18.57 on Thursday. Annaly Capital Management, Inc. has a 52-week low of $14.52 and a 52-week high of $21.07. The stock has a market cap of $9.29 billion, a P/E ratio of -5.14 and a beta of 1.54. The business’s 50 day moving average is $19.11 and its 200 day moving average is $18.62. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a yield of 14.00%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -72.02%.

Analyst Ratings Changes

Several brokerages have recently weighed in on NLY. Jonestrading increased their price target on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Compass Point began coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price target on the stock. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average price target of $21.07.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The sale 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.