17,254 Shares in Annaly Capital Management, Inc. (NYSE:NLY) Purchased by Tandem Financial LLC

Tandem Financial LLC purchased a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,254 shares of the real estate investment trust’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock valued at $361,061,000 after acquiring an additional 1,342,056 shares during the period. State Street Corp grew its position in shares of Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after purchasing an additional 223,294 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Annaly Capital Management by 2.9% during the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after purchasing an additional 241,465 shares during the period. KBC Group NV lifted its holdings in shares of Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock worth $95,124,000 after buying an additional 3,664,098 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 buying an additional 3,350,435 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NYSE NLY opened at $20.66 on Friday. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 12.99 and a beta of 1.52. The company has a quick ratio of 0.08, a current ratio of 0.12 and a debt-to-equity ratio of 0.22. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $21.11. The stock has a fifty day simple moving average of $19.34 and a 200 day simple moving average of $19.70.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results 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 return on equity of 14.95% and a net margin of 20.70%. Sell-side analysts expect that Annaly Capital Management, Inc. will post 2.72 EPS for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.59%. Annaly Capital Management’s payout ratio is 163.52%.

Analyst Ratings Changes

Several research firms have weighed in on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.44.

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.