Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 74.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,303 shares of the real estate investment trust’s stock after purchasing an additional 14,225 shares during the period. Sterling Capital Management LLC’s holdings in Annaly Capital Management were worth $609,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invst LLC purchased a new stake in shares of Annaly Capital Management in the third quarter valued at about $741,000. McIlrath & Eck LLC acquired a new stake in shares of Annaly Capital Management during the third quarter valued at $63,000. Virtu Financial LLC purchased a new stake in Annaly Capital Management during the 3rd quarter worth about $879,000. Wilmington Savings Fund Society FSB purchased a new position in Annaly Capital Management in the 3rd quarter valued at about $114,000. Finally, Tidal Investments LLC boosted its stake in shares of Annaly Capital Management by 11.7% during the 3rd quarter. Tidal Investments LLC now owns 13,204 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 1,385 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $17.90 on Friday. Annaly Capital Management, Inc. has a 1 year low of $16.60 and a 1 year high of $22.11. The firm has a 50 day moving average price of $20.52 and a 200 day moving average price of $19.84. The company has a market cap of $10.69 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 15.65%. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on Annaly Capital Management from $21.00 to $20.15 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.07.

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.