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

Parallel Advisors LLC raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,689 shares of the real estate investment trust’s stock after purchasing an additional 5,596 shares during the period. Parallel Advisors LLC’s holdings in Annaly Capital Management were worth $653,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NLY. OneDigital Investment Advisors LLC acquired a new stake in Annaly Capital Management in the third quarter valued at approximately $239,000. CIBC Asset Management Inc grew its holdings in Annaly Capital Management by 6.0% in the third quarter. CIBC Asset Management Inc now owns 17,627 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,001 shares during the period. Natixis Advisors LLC grew its holdings in Annaly Capital Management by 15.4% in the third quarter. Natixis Advisors LLC now owns 48,365 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 6,469 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Annaly Capital Management in the third quarter valued at approximately $309,000. Finally, Avior Wealth Management LLC grew its holdings in 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 valued at $25,000 after purchasing an additional 850 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $21.76 on Friday. Annaly Capital Management, Inc. has a one year low of $17.67 and a one year high of $22.11. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 4.89 and a beta of 1.53. The business’s 50 day moving average price is $20.68 and its 200 day moving average price is $20.01.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 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, analysts predict that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.87%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 176.10%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Company 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.