Generali Asset Management SPA SGR Makes New $2.74 Million Investment in Annaly Capital Management, Inc. (NYSE:NLY)

Generali Asset Management SPA SGR purchased a new stake in Annaly Capital Management, Inc. (NYSE:NLY) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 149,716 shares of the real estate investment trust’s stock, valued at approximately $2,740,000.

A number of other institutional investors have also modified their holdings of NLY. OneDigital Investment Advisors LLC bought a new stake in shares of Annaly Capital Management in the 3rd quarter valued at about $239,000. CIBC Asset Management Inc boosted its holdings in shares of Annaly Capital Management by 6.0% in the 3rd quarter. CIBC Asset Management Inc now owns 17,627 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,001 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Annaly Capital Management by 15.4% in the 3rd quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust’s stock valued at $971,000 after buying an additional 6,469 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Annaly Capital Management in the 3rd quarter valued at about $309,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NLY has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective on the stock. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective 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. Three equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Stock Down 0.6 %

Annaly Capital Management stock opened at $21.79 on Thursday. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53. The stock has a 50-day moving average price of $20.61 and a 200 day moving average price of $20.00.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.85%. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date is Monday, March 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

About Annaly Capital Management

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.