Aspire Private Capital LLC Raises Stock Position in Annaly Capital Management, Inc. (NYSE:NLY)

Aspire Private Capital LLC grew its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,502 shares of the real estate investment trust’s stock after buying an additional 2,624 shares during the quarter. Aspire Private Capital LLC’s holdings in Annaly Capital Management were worth $339,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Annaly Capital Management by 8.1% during 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 purchasing an additional 1,342,056 shares during the last quarter. State Street Corp boosted its stake in shares of Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after purchasing an additional 223,294 shares during the period. Geode Capital Management LLC grew its holdings in Annaly Capital Management by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after purchasing an additional 241,465 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $79,900,000 after purchasing an additional 3,350,435 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Annaly Capital Management by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock worth $61,355,000 after purchasing an additional 541,869 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NLY. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Thursday, October 31st. Finally, Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Annaly Capital Management Trading Up 1.0 %

Annaly Capital Management stock opened at $19.51 on Wednesday. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11. The business’s 50-day simple moving average is $19.26 and its two-hundred day simple moving average is $19.69.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, analysts expect that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.33%. Annaly Capital Management’s payout ratio is -3,714.29%.

Annaly Capital Management Company 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.