CIBC Asset Management Inc Buys 3,027 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

CIBC Asset Management Inc raised its stake in Annaly Capital Management, Inc. (NYSE:NLY) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,654 shares of the real estate investment trust’s stock after acquiring an additional 3,027 shares during the period. CIBC Asset Management Inc’s holdings in Annaly Capital Management were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 850 shares during the period. Blue Trust Inc. grew its holdings in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares during the last quarter. UMB Bank n.a. grew its holdings in Annaly Capital Management by 65.7% in the 4th quarter. UMB Bank n.a. now owns 2,598 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,030 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Annaly Capital Management by 68.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 2,962 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,200 shares during the period. Finally, McIlrath & Eck LLC bought a new position in shares of Annaly Capital Management during the third quarter valued at about $63,000. Institutional investors own 51.56% of the company’s stock.

Analysts Set New Price Targets

NLY has been the topic of several recent analyst reports. Barclays started coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Trading Down 0.4 %

Shares of NLY stock opened at $21.64 on Monday. The company’s fifty day moving average price is $19.63 and its 200-day moving average price is $19.80. The stock has a market cap of $12.51 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. Annaly Capital Management, Inc. has a 12 month low of $17.67 and a 12 month high of $21.88.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data 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 net margin of 20.70% and a return on equity of 14.95%. On average, sell-side analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 12.02%. Annaly Capital Management’s payout ratio is currently 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.