Bank of New York Mellon Corp Acquires 325,542 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Bank of New York Mellon Corp boosted its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,040,958 shares of the real estate investment trust’s stock after purchasing an additional 325,542 shares during the period. Bank of New York Mellon Corp owned about 0.72% of Annaly Capital Management worth $73,950,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Annaly Capital Management by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after buying an additional 109,655 shares during the last quarter. State Street Corp raised its position in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock worth $360,296,000 after acquiring an additional 223,294 shares during the period. Geode Capital Management LLC raised its position in Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after acquiring an additional 241,465 shares during the period. KBC Group NV boosted its stake in Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after acquiring an additional 3,664,098 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after acquiring an additional 3,350,435 shares during the period. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

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

Annaly Capital Management Stock Down 1.6 %

NLY stock opened at $21.61 on Tuesday. Annaly Capital Management, Inc. has a twelve month low of $17.67 and a twelve month high of $22.05. The firm has a market capitalization of $12.50 billion, a PE ratio of 13.59, a PEG ratio of 4.89 and a beta of 1.52. The stock has a 50-day simple moving average of $19.94 and a two-hundred day simple moving average of $19.88.

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

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 12.03%. Annaly Capital Management’s payout ratio is currently 163.52%.

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.