Annaly Capital Management, Inc. (NYSE:NLY) Position Decreased by Achmea Investment Management B.V.

Achmea Investment Management B.V. decreased its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 77.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,270 shares of the real estate investment trust’s stock after selling 171,197 shares during the period. Achmea Investment Management B.V.’s holdings in Annaly Capital Management were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NLY. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Annaly Capital Management by 4.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,864 shares of the real estate investment trust’s stock valued at $19,505,000 after purchasing an additional 40,781 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Annaly Capital Management by 7.4% in the third quarter. Victory Capital Management Inc. now owns 2,002,975 shares of the real estate investment trust’s stock worth $40,200,000 after buying an additional 138,320 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Annaly Capital Management by 213.7% in the third quarter. Oppenheimer & Co. Inc. now owns 56,310 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 38,361 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Annaly Capital Management in the third quarter worth about $90,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Annaly Capital Management in the third quarter worth about $239,000. Institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NLY shares. JPMorgan Chase & Co. raised their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays started coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Stock Performance

Shares of NLY opened at $21.63 on Friday. The firm has a market cap of $12.51 billion, a PE ratio of 13.60, a PEG ratio of 4.89 and a beta of 1.53. The firm’s 50 day moving average price is $20.42 and its 200 day moving average price is $19.96. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data 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 net margin of 20.70% and a return on equity of 14.95%. On average, sell-side 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 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 $0.70 dividend. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. Annaly Capital Management’s dividend payout ratio (DPR) 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.