Annaly Capital Management, Inc. (NYSE:NLY) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,813 shares of the real estate investment trust’s stock after acquiring an additional 4,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Annaly Capital Management were worth $765,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NLY. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Annaly Capital Management by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,864 shares of the real estate investment trust’s stock worth $19,505,000 after acquiring an additional 40,781 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 acquiring an additional 138,320 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position 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 acquiring an additional 38,361 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Annaly Capital Management in the third quarter worth approximately $90,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Annaly Capital Management in the third quarter worth approximately $239,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Annaly Capital Management Trading Up 2.5 %

Shares of NYSE:NLY opened at $21.63 on Friday. The company has a fifty day simple moving average of $20.42 and a 200 day simple moving average of $19.96. The firm has a market cap of $12.51 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 12-month low of $17.67 and a 12-month high of $22.11.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s payout ratio is 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.