Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its position in Annaly Capital Management, Inc. (NYSE:NLY) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,163 shares of the real estate investment trust’s stock after acquiring an additional 2,157 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Annaly Capital Management were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NLY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Annaly Capital Management by 531.3% during the third 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 worth $79,900,000 after acquiring an additional 3,350,435 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Annaly Capital Management by 8.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares during the period. ORG Wealth Partners LLC lifted its holdings in shares of Annaly Capital Management by 5,113.5% in the 4th quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock worth $14,427,000 after purchasing an additional 773,215 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Annaly Capital Management by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after purchasing an additional 541,869 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after buying an additional 430,604 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 0.3 %

NLY opened at $19.91 on Wednesday. The business has a fifty day simple moving average of $19.25 and a 200-day simple moving average of $19.70. The firm has a market cap of $11.16 billion, a PE ratio of -284.40 and a beta of 1.51. Annaly Capital Management, Inc. has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.06%. Annaly Capital Management’s dividend payout ratio is currently -3,714.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NLY shares. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Royal Bank of Canada upped their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, 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 research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.22.

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.