Boxwood Ventures Inc. Takes Position in Annaly Capital Management, Inc. (NYSE:NLY)

Boxwood Ventures Inc. acquired a new position in Annaly Capital Management, Inc. (NYSE:NLY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,470 shares of the real estate investment trust’s stock, valued at approximately $350,000. Annaly Capital Management comprises approximately 0.5% of Boxwood Ventures Inc.’s investment portfolio, making the stock its 26th largest position.

Several other large investors have also recently bought and sold shares of NLY. Wellington Management Group LLP boosted its position in shares of Annaly Capital Management by 135.6% in the 4th quarter. Wellington Management Group LLP now owns 1,265,432 shares of the real estate investment trust’s stock worth $23,157,000 after purchasing an additional 728,307 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Annaly Capital Management by 9.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,892 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 1,439 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in shares of Annaly Capital Management by 23.9% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 92,433 shares of the real estate investment trust’s stock worth $1,692,000 after purchasing an additional 17,814 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in Annaly Capital Management by 2.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 3,447,037 shares of the real estate investment trust’s stock worth $63,081,000 after acquiring an additional 71,785 shares in the last quarter. Finally, Allstate Corp bought a new position in Annaly Capital Management in the fourth quarter valued at approximately $289,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on NLY shares. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, Barclays started coverage on 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $20.66 on Monday. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 4.89 and a beta of 1.53. The stock’s fifty day moving average price is $20.99 and its two-hundred day moving average price is $20.06.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal 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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.56%. 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. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

Annaly Capital Management 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.