Annaly Capital Management, Inc. (NYSE:NLY) Shares Bought by Cannell & Spears LLC

Cannell & Spears LLC raised its position in shares of Annaly Capital Management, Inc. (NYSE:NLY) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,268 shares of the real estate investment trust’s stock after acquiring an additional 518 shares during the quarter. Cannell & Spears LLC’s holdings in Annaly Capital Management were worth $755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust’s stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Annaly Capital Management by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 18,099,719 shares of the real estate investment trust’s stock worth $332,665,000 after buying an additional 109,655 shares in the last quarter. State Street Corp raised its position in shares of Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after buying an additional 223,294 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Annaly Capital Management by 2.9% in the third quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock worth $172,988,000 after buying an additional 241,465 shares in the last quarter. Finally, Norges Bank acquired a new position in Annaly Capital Management during the fourth quarter worth about $127,397,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NLY shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. 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 Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Down 1.7 %

NYSE:NLY opened at $20.31 on Tuesday. The company has a market capitalization of $11.74 billion, a P/E ratio of 12.77, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 52 week low of $17.67 and a 52 week high of $22.11. The stock’s fifty day moving average is $21.01 and its two-hundred day moving average is $20.06.

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

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.65. Annaly Capital Management’s dividend payout ratio (DPR) is 176.10%.

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.