Wolverine Asset Management LLC Makes New Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Wolverine Asset Management LLC acquired a new position in shares of Annaly Capital Management, Inc. (NYSE:NLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,725 shares of the real estate investment trust’s stock, valued at approximately $50,000.

Several other institutional investors have also recently bought and sold shares of NLY. Creative Planning raised its holdings in Annaly Capital Management by 8.3% during the third quarter. Creative Planning now owns 56,506 shares of the real estate investment trust’s stock worth $1,134,000 after buying an additional 4,335 shares during the last quarter. Signaturefd LLC grew its stake in shares of Annaly Capital Management by 13.4% in the 3rd quarter. Signaturefd LLC now owns 7,208 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 849 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Annaly Capital Management by 3.5% in the 3rd quarter. Private Advisor Group LLC now owns 114,159 shares of the real estate investment trust’s stock worth $2,291,000 after acquiring an additional 3,864 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Annaly Capital Management by 12.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 132,148 shares of the real estate investment trust’s stock worth $2,652,000 after acquiring an additional 14,996 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in shares of Annaly Capital Management by 14.0% in the 3rd quarter. Forsta AP Fonden now owns 346,800 shares of the real estate investment trust’s stock worth $6,960,000 after acquiring an additional 42,700 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays began 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 target for the company. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Down 0.3 %

NYSE NLY opened at $21.58 on Tuesday. The company has a market cap of $12.48 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.88. The firm’s 50-day simple moving average is $19.67 and its two-hundred day simple moving average is $19.81.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS 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%. As a group, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed 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. This represents a $2.60 annualized dividend and a yield of 12.05%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

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.