Annaly Capital Management, Inc. (NYSE:NLY) is Algebris UK Ltd’s 10th Largest Position

Algebris UK Ltd increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 14.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 831,453 shares of the real estate investment trust’s stock after acquiring an additional 103,401 shares during the quarter. Annaly Capital Management makes up about 3.7% of Algebris UK Ltd’s portfolio, making the stock its 10th biggest holding. Algebris UK Ltd owned 0.15% of Annaly Capital Management worth $14,695,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NLY. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 850 shares during the period. Assetmark Inc. acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at approximately $31,000. Blue Trust Inc. boosted its holdings in shares of Annaly Capital Management by 78.5% in the fourth 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 during the period. Larson Financial Group LLC lifted its holdings in shares of Annaly Capital Management by 34.4% during the fourth quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 549 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Annaly Capital Management by 29.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $21.93 on Wednesday. The company has a market cap of $12.68 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The stock has a 50-day moving average of $20.55 and a 200-day moving average of $19.99. Annaly Capital Management, Inc. has a 52-week low of $17.67 and a 52-week high of $22.11.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, research analysts predict that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 12.77%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 176.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NLY shares. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. 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. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, Barclays initiated coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.44.

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.