Annaly Capital Management Inc $NLY Stock Position Increased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Annaly Capital Management Inc (NYSE:NLY) by 67.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 381,872 shares of the real estate investment trust’s stock after acquiring an additional 153,892 shares during the period. Intech Investment Management LLC’s holdings in Annaly Capital Management were worth $8,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Koshinski Asset Management Inc. raised its position in shares of Annaly Capital Management by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 463 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Annaly Capital Management by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 481 shares in the last quarter. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 496 shares in the last quarter. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 500 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 524 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays set a $24.00 price target on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Friday, January 30th. UBS Group reaffirmed a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research note on Friday, April 24th. JonesTrading reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price objective on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.22.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $21.85 on Friday. The firm’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $22.49. The company has a market cap of $16.01 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 6.59 and a beta of 1.20. Annaly Capital Management Inc has a fifty-two week low of $18.58 and a fifty-two week high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. On average, analysts expect that Annaly Capital Management Inc will post 2.98 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.