Amundi Has $14.35 Million Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Amundi lifted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 775,360 shares of the real estate investment trust’s stock after buying an additional 61,302 shares during the quarter. Amundi owned about 0.14% of Annaly Capital Management worth $14,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. KBC Group NV increased its stake in Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after purchasing an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Annaly Capital Management by 531.3% in the 3rd 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 during the period. PL Capital Advisors LLC increased its position in Annaly Capital Management by 1,730.0% in the 4th 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 buying an additional 2,640,032 shares in the last quarter. ORG Wealth Partners LLC raised its stake in Annaly Capital Management by 5,113.5% during the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after buying an additional 773,215 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Annaly Capital Management in the fourth quarter worth approximately $12,676,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NLY shares. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays initiated 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 target price for the company. JPMorgan Chase & Co. raised their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $21.63 on Friday. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The firm’s 50-day simple moving average is $20.42 and its two-hundred day simple moving average is $19.96.

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, topping 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%. Analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date is Monday, March 31st. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

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.