Allstate Corp Has $1.08 Million Stock Position in Annaly Capital Management Inc $NLY

Allstate Corp boosted its position in Annaly Capital Management Inc (NYSE:NLY) by 114.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,113 shares of the real estate investment trust’s stock after purchasing an additional 25,628 shares during the period. Allstate Corp’s holdings in Annaly Capital Management were worth $1,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after purchasing an additional 3,024,564 shares in the last quarter. State Street Corp boosted its position in shares of Annaly Capital Management by 7.4% during the 3rd quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after purchasing an additional 1,687,839 shares in the last quarter. Northern Trust Corp boosted its position in shares of Annaly Capital Management by 1.1% during the 3rd quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock valued at $133,475,000 after purchasing an additional 70,262 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Annaly Capital Management by 394.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after buying an additional 4,286,893 shares during the period. Finally, UBS Group AG raised its stake in Annaly Capital Management by 21.4% during the 3rd quarter. UBS Group AG now owns 3,662,780 shares of the real estate investment trust’s stock worth $74,025,000 after buying an additional 645,527 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.85 on Friday. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 6.59 and a beta of 1.20. Annaly Capital Management Inc has a one year low of $18.58 and a one year high of $24.52. The business has a fifty day moving average price of $21.92 and a 200-day moving average price of $22.49.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The business had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. On average, equities research analysts expect that Annaly Capital Management Inc will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is 94.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NLY shares. Argus raised Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada increased their price objective on Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Barclays set a $24.00 price objective on Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.22.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.