Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Brandywine Global Investment Management LLC
Brandywine Global Investment Management LLC increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 2.1% in Q4, owning 3,447,037 shares valued at $63.08 million. Other investors also adjusted their positions, with institutional investors holding 51.56% of the stock. Annaly recently declared a quarterly dividend of $0.70, up from $0.65, with a yield of 13.56%. Analysts have a consensus rating of "Moderate Buy" with a target price of $21.44. The stock opened at $20.66, with a market cap of $11.95 billion and a PE ratio of 12.99.
Brandywine Global Investment Management LLC lifted its position in shares of Annaly Capital Management, Inc. (NYSE:NLY - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,447,037 shares of the real estate investment trust's stock after acquiring an additional 71,785 shares during the period. Brandywine Global Investment Management LLC owned 0.61% of Annaly Capital Management worth $63,081,000 as of its most recent filing with the SEC.
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Other large investors also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the fourth quarter valued at $31,000. Blue Trust Inc. raised its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 717 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Annaly Capital Management by 34.4% in the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after buying an additional 549 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 549 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Annaly Capital Management by 65.7% during the fourth quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.
Annaly Capital Management Trading Down 2.1 %
Annaly Capital Management stock opened at $20.66 on Friday. The stock has a 50-day moving average price of $20.99 and a two-hundred day moving average price of $20.06. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $22.11. The company has a market capitalization of $11.95 billion, a PE ratio of 12.99, a P/E/G ratio of 4.89 and a beta of 1.53.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.56%. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's dividend payout ratio is presently 176.10%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on NLY. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.44.
Check Out Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Profile
(Free Report)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.
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