Investment Management Corp of Ontario Raises Holdings in Annaly Capital Management, Inc. (NYSE:NLY)

Investment Management Corp of Ontario increased its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 556.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,310 shares of the real estate investment trust’s stock after acquiring an additional 92,670 shares during the period. Investment Management Corp of Ontario’s holdings in Annaly Capital Management were worth $2,000,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Focus Partners Wealth grew its position in Annaly Capital Management by 68.4% in the fourth quarter. Focus Partners Wealth now owns 18,148 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 7,371 shares during the period. Ensign Peak Advisors Inc grew its position in Annaly Capital Management by 6.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 185,686 shares of the real estate investment trust’s stock worth $3,398,000 after acquiring an additional 11,250 shares during the period. Ethic Inc. grew its position in Annaly Capital Management by 2.9% in the fourth quarter. Ethic Inc. now owns 54,048 shares of the real estate investment trust’s stock worth $989,000 after acquiring an additional 1,544 shares during the period. FWL Investment Management LLC grew its position in Annaly Capital Management by 225.8% in the fourth quarter. FWL Investment Management LLC now owns 25,579 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 17,729 shares during the period. Finally, Deutsche Bank AG grew its position in Annaly Capital Management by 9.3% in the fourth quarter. Deutsche Bank AG now owns 1,096,163 shares of the real estate investment trust’s stock worth $20,060,000 after acquiring an additional 93,708 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Down 0.2%

NYSE:NLY opened at $19.24 on Monday. The firm has a market cap of $11.50 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The stock has a fifty day moving average price of $19.74 and a 200 day moving average price of $19.76. Annaly Capital Management, Inc. has a 12-month low of $16.60 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 14.55%. Annaly Capital Management’s dividend payout ratio (DPR) is 314.61%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NLY. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Piper Sandler lowered their price target on Annaly Capital Management from $21.50 to $21.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Jones Trading restated a “buy” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.10.

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.