Korea Investment CORP Acquires 93,400 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Korea Investment CORP raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,982 shares of the real estate investment trust’s stock after buying an additional 93,400 shares during the period. Korea Investment CORP owned about 0.05% of Annaly Capital Management worth $5,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock worth $1,001,407,000 after buying an additional 5,859,104 shares in the last quarter. KBC Group NV grew its stake in shares of Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after acquiring an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Annaly Capital Management by 531.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after purchasing an additional 3,350,435 shares during the last quarter. PL Capital Advisors LLC lifted its position in shares of Annaly Capital Management by 1,730.0% during the fourth quarter. PL Capital Advisors LLC now owns 2,792,635 shares of the real estate investment trust’s stock valued at $51,105,000 after purchasing an additional 2,640,032 shares in the last quarter. Finally, ORG Wealth Partners LLC boosted its holdings in Annaly Capital Management by 5,113.5% during the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after purchasing an additional 773,215 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY opened at $20.31 on Tuesday. The firm has a market cap of $11.74 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $22.11. The business has a 50-day moving average of $21.01 and a 200 day moving average of $20.06.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) 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, research 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 business 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 is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 176.10%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.44.

About Annaly Capital Management

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.