Annaly Capital Management, Inc. (NYSE:NLY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,638,216 shares of the real estate investment trust’s stock after buying an additional 241,465 shares during the period. Geode Capital Management LLC owned about 1.54% of Annaly Capital Management worth $172,988,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC lifted its holdings in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares in the last quarter. UMB Bank n.a. raised its position in Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Quarry LP purchased a new position in Annaly Capital Management in the second quarter valued at about $36,000. Toth Financial Advisory Corp lifted its stake in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 576 shares in the last quarter. Finally, Summit Securities Group LLC boosted its position in shares of Annaly Capital Management by 204.9% in the second quarter. Summit Securities Group LLC now owns 4,300 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 8,400 shares during the period. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Annaly Capital Management Trading Up 0.1 %

Annaly Capital Management stock opened at $19.78 on Monday. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $21.11. The stock has a market cap of $11.09 billion, a P/E ratio of -282.57 and a beta of 1.51. The stock has a 50 day moving average of $19.65 and a 200-day moving average of $19.85.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter last year, the company earned $0.66 earnings per share. As a group, equities analysts predict that Annaly Capital Management, Inc. will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.14%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

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.