Amalgamated Bank Buys 26,954 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Amalgamated Bank increased its position in Annaly Capital Management, Inc. (NYSE:NLY) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,792 shares of the real estate investment trust’s stock after purchasing an additional 26,954 shares during the quarter. Amalgamated Bank’s holdings in Annaly Capital Management were worth $4,864,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NLY. Stratos Wealth Advisors LLC grew its position in shares of Annaly Capital Management by 93.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust’s stock worth $5,043,000 after buying an additional 132,891 shares in the last quarter. Wellington Management Group LLP lifted its stake in Annaly Capital Management by 9.9% in the third quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust’s stock worth $10,780,000 after acquiring an additional 48,555 shares during the period. Citigroup Inc. grew its holdings in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust’s stock worth $13,091,000 after acquiring an additional 120,163 shares in the last quarter. Howard Financial Services LTD. purchased a new position in Annaly Capital Management during the 4th quarter valued at about $527,000. Finally, Tandem Financial LLC bought a new stake in shares of Annaly Capital Management in the 4th quarter valued at about $327,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Shares of NLY stock opened at $21.74 on Friday. The stock’s fifty day moving average price is $19.83 and its 200 day moving average price is $19.85. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.05. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 11.96%. Annaly Capital Management’s payout ratio is 163.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

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.