Geode Capital Management LLC Boosts Position in Annaly Capital Management Inc $NLY

Geode Capital Management LLC boosted its holdings in shares of Annaly Capital Management Inc (NYSE:NLY) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,401,487 shares of the real estate investment trust’s stock after buying an additional 1,503,559 shares during the quarter. Geode Capital Management LLC’s holdings in Annaly Capital Management were worth $411,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC increased its holdings in shares of Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at approximately $29,000. TD Private Client Wealth LLC increased its holdings in shares of Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 496 shares in the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Annaly Capital Management by 273.4% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,867 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,367 shares in the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NLY has been the subject of several recent research reports. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Royal Bank Of Canada lifted their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Argus raised shares of Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, JonesTrading reaffirmed a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.22.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $21.85 on Monday. The firm has a market cap of $16.01 billion, a PE ratio of 7.38, a PEG ratio of 6.67 and a beta of 1.17. The firm has a fifty day moving average of $21.92 and a 200 day moving average of $22.49. Annaly Capital Management Inc has a one year low of $18.58 and a one year high of $24.52.

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

Annaly Capital Management Dividend Announcement

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

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.