Victory Capital Management Inc. Grows Position in Annaly Capital Management, Inc. (NYSE:NLY)

Victory Capital Management Inc. raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 1,505.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,676,931 shares of the real estate investment trust’s stock after acquiring an additional 1,572,487 shares during the period. Victory Capital Management Inc. owned approximately 0.34% of Annaly Capital Management worth $32,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NLY. Selway Asset Management purchased a new position in shares of Annaly Capital Management during the 3rd quarter valued at about $26,000. GAMMA Investing LLC purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at about $33,000. Central Bank & Trust Co. purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at about $34,000. BluePath Capital Management LLC purchased a new position in shares of Annaly Capital Management during the 3rd quarter valued at about $34,000. Finally, NBC Securities Inc. purchased a new position in shares of Annaly Capital Management during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jonestrading reissued a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday, April 25th. StockNews.com raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $21.08.

Annaly Capital Management Stock Up 1.4 %

Shares of NLY stock opened at $19.63 on Tuesday. The business’s fifty day moving average is $19.15 and its 200 day moving average is $18.71. Annaly Capital Management, Inc. has a twelve month low of $14.52 and a twelve month high of $21.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.58.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, sell-side analysts predict that Annaly Capital Management, Inc. will post 2.62 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.25%. The ex-dividend date was Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio (DPR) is -268.04%.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.