First Citizens Bank & Trust Co. raised its stake in shares of Annaly Capital Management, Inc. (NYSE:NLY – Free Report) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,163 shares of the real estate investment trust’s stock after buying an additional 2,157 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Annaly Capital Management were worth $277,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. raised its stake in Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 562 shares during the period. Fermata Advisors LLC boosted its holdings in Annaly Capital Management by 3.2% in the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 563 shares during the last quarter. Toth Financial Advisory Corp grew its position in 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 valued at $48,000 after acquiring an additional 576 shares during the period. Wesbanco Bank Inc. increased its stake in Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 584 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Annaly Capital Management by 70.2% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.
Analysts Set New Price Targets
NLY has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Royal Bank of Canada raised their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Argus raised 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.22.
Annaly Capital Management Trading Up 0.3 %
Annaly Capital Management stock opened at $19.91 on Wednesday. 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 $11.16 billion, a P/E ratio of -284.40 and a beta of 1.51. The stock has a 50 day moving average of $19.25 and a 200-day moving average of $19.70.
Annaly Capital Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.06%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently -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.
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