PL Capital Advisors LLC Buys 52,603 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

PL Capital Advisors LLC boosted its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 52.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,603 shares of the real estate investment trust’s stock after acquiring an additional 52,603 shares during the quarter. Annaly Capital Management comprises about 1.0% of PL Capital Advisors LLC’s investment portfolio, making the stock its 24th biggest position. PL Capital Advisors LLC’s holdings in Annaly Capital Management were worth $2,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NLY. Wellington Management Group LLP increased its stake in Annaly Capital Management by 1,801.9% during the third quarter. Wellington Management Group LLP now owns 803,555 shares of the real estate investment trust’s stock worth $15,115,000 after acquiring an additional 761,304 shares during the last quarter. abrdn plc grew its stake in shares of Annaly Capital Management by 612.0% during the third quarter. abrdn plc now owns 650,362 shares of the real estate investment trust’s stock valued at $12,233,000 after buying an additional 559,016 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $95,350,000. Dupree Financial Group LLC bought a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $9,222,000. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Annaly Capital Management by 45.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,437,877 shares of the real estate investment trust’s stock valued at $27,046,000 after buying an additional 449,881 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Annaly Capital Management Stock Up 1.0 %

Annaly Capital Management stock opened at $18.88 on Friday. The business has a fifty day moving average of $19.11 and a two-hundred day moving average of $18.63. The company has a quick ratio of 1.22, a current ratio of 0.10 and a debt-to-equity ratio of 1.58. The firm has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.64. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, analysts forecast that Annaly Capital Management, Inc. will post 2.54 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 13.77%. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NLY. Jonestrading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Compass Point assumed coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

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.