Illinois Municipal Retirement Fund Purchases 24,064 Shares of Annaly Capital Management, Inc. (NYSE:NLY)

Illinois Municipal Retirement Fund lifted its position in Annaly Capital Management, Inc. (NYSE:NLY) by 59.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,410 shares of the real estate investment trust’s stock after purchasing an additional 24,064 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Annaly Capital Management were worth $1,179,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KBC Group NV grew its position 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 worth $95,124,000 after acquiring an additional 3,664,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 valued at $79,900,000 after buying an additional 3,350,435 shares during the period. ORG Wealth Partners LLC boosted its position in shares of Annaly Capital Management by 5,113.5% during the fourth quarter. ORG Wealth Partners LLC now owns 788,336 shares of the real estate investment trust’s stock valued at $14,427,000 after buying an additional 773,215 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Annaly Capital Management by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock valued at $61,355,000 after buying an additional 541,869 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $8,170,000. 51.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Up 1.1 %

Shares of NLY stock opened at $21.97 on Monday. The business’s fifty day simple moving average is $19.89 and its 200-day simple moving average is $19.86. The company has a market cap of $12.70 billion, a PE ratio of 13.81, a PEG 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 $22.05.

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

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently 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.